Not Seeing Pick Up in China's Domestic Activity: Wang

The transcript discusses the impact of the Shanghai lockdown on domestic activity, highlighting a significant slowdown in growth. It examines the role of base effects on GDP and retail sales, noting a lack of momentum in domestic activity. The discussion shifts to potential fiscal and monetary stimulus measures, emphasizing the need for fiscal spending on infrastructure and support for the property market. The transcript concludes with an analysis of credit growth and the limited effectiveness of monetary policy due to weak demand and confidence.

What is the expected year-on-year growth rate for GDP in the second quarter, considering the base effect?

• 5%

• 7%

• 10%

• 12%

Why are stimulus measures considered less productive over time?

• Because of diminishing returns

• Due to increasing inflation

• Because of rising interest rates

• Due to higher government debt

Which sector is highlighted as needing stabilization due to weak domestic demand?

• Technology

• Agriculture

• Property

• Manufacturing

What fiscal measure is suggested to support developers in the current economic climate?

• Funding support for unfinished projects

• Increased tariffs

• Subsidies for exports

• Tax cuts

What is a limitation of monetary policy in the current economic situation?

• Excessive foreign investment

• Strong currency value

• Weak confidence and demand

• High inflation rates