ANZ's Wang on China's 2Q GDP and June Activity Data

ANZ's Wang on China's 2Q GDP and June Activity Data

Assessment

Interactive Video

Business

University

Hard

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The video discusses China's economic growth strategy, focusing on achieving a 5% growth target despite challenges like COVID-19 and housing market stress. It highlights the importance of Q2 GDP and the need for policy adjustments. The housing market faces stress due to mortgage payment refusals, posing risks to banks. Divergences in debt markets are noted, with policy responses needed. Capital outflows and monetary policy are also discussed, emphasizing the need for liquidity management.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge China faces in balancing its COVID-19 policy with economic growth?

Decreasing unemployment

Reducing inflation

Achieving a 5% growth target

Increasing exports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected growth rate China needs to achieve in the second half of the year to meet its target?

6.5%

4.5%

7.5%

5.5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary concern regarding the refusal of mortgage payments by Chinese holders?

Increase in property prices

Systemic risk to banks

Decrease in foreign investments

Rise in unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated impact of defaulted developers on China's mortgage market?

6% of mortgage outstanding

4% of mortgage outstanding

8% of mortgage outstanding

2% of mortgage outstanding

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in the onshore and offshore debt markets in China?

Both markets are volatile

Onshore market is declining

Offshore market is stable

Onshore market is resilient

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for the Chinese government's caution regarding overseas investments?

Rising domestic inflation

Increasing unemployment

Capital outflows

Decreasing GDP

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Reserve's rate hike impact China's monetary policy decisions?

Discourages interest rate cuts

Promotes increased exports

Encourages interest rate cuts

Leads to higher inflation