ANZ's Wang on China's National People's Congress Preview

The video discusses China's economic growth target, emphasizing the importance of policy intentions and the impact of the zero COVID policy on consumption and services. It explores China's strategy of using infrastructure investment to maintain growth momentum while managing debt. The discussion also touches on the potential future downplaying of GDP growth targets as China focuses on economic stability and reforms.

What is the forecasted growth target for China this year?

• 4 to 4.5%

• 6 to 6.5%

• 5 to 5.5%

• 3 to 3.5%

How has the zero COVID policy affected China's economy?

• It has negatively impacted consumption and services.

• It has led to a decrease in domestic travel.

• It has boosted international tourism.

• It has increased foreign investments.

What is one of the effects of the zero COVID policy on domestic activities?

• Increased international travel

• Reduced government spending

• Boosted domestic consumption and tourism

• Decreased residential building activities

What is China's approach to infrastructure investment this year?

• Reducing debt burdens

• Preventing economic decline

• Aggressive expansion

• Focusing on international projects

What is the long-term outlook on China's GDP growth targets?

• They will become more important.

• They will remain unchanged.

• They will be gradually downplayed.

• They will be abandoned immediately.