ANZ's Yetsenga Expects China's House Prices to Slow in 2H

The transcript discusses the implementation of market policies, focusing on the credibility of growth targets and the impact of deleveraging on different sectors. It highlights the slowdown in the Chinese housing market, particularly in the secondary market, and examines the effects of monetary policy on economic trends. The discussion suggests that while there will be a slowdown, it is expected to be less severe than previous cycles.

What is the market's current perception of growth targets?

• They are presumed to be achievable.

• They are seen as unattainable.

• They are ignored by the market.

• They are considered irrelevant.

What has been a key focus in the deleveraging process?

• Increasing shadow banking activities.

• Expanding informal economy.

• Raising overall economic leverage.

• Reducing interbank leverage.

How has the secondary housing market in China been affected recently?

• It has been unaffected by policies.

• It has slowed down significantly.

• It has remained stable.

• It has experienced rapid growth.

What is expected to happen to Chinese housing construction activity next year?

• It will increase significantly.

• It will slow down.

• It will remain unchanged.

• It will experience a boom.

How does the current monetary policy tightening compare to 2014?

• It is not comparable.

• It is equally severe.

• It is less severe.

• It is more severe.