Why Capital Economics Is Bearish on China After Congress

The video discusses the diverse forecasts for China's economic future, ranging from bearish to bullish. It highlights the impact of the Party Congress, which has led to a more bearish outlook due to continued state involvement and lack of major reform shifts. The video also addresses misplaced optimism about China's policy direction, noting a shift away from Western-style reforms towards greater centralization. Overall, the emphasis has shifted, with less focus on market-driven policies, leading to a more cautious economic outlook.

What is the speaker's stance on China's economic outlook after the party Congress?

• Very optimistic

• Neutral

• Somewhat bearish

• Super bullish

What is identified as a key problem in China's economy according to the speaker?

• Lack of foreign investment

• High inflation rates

• Large state involvement

• Over-reliance on exports

What was the expectation of some forecasters after the Davos speech?

• A move towards isolationism

• A focus on environmental policies

• Increased state control

• A shift towards a Western-style opening up

How did the policy agenda change after the party Congress?

• It shifted towards decentralization

• It became more market-oriented

• It remained largely unchanged

• It focused on reducing state involvement

What was the reaction of the speaker to the policy direction after the Congress?

• Surprised by the positive changes

• Optimistic about future growth

• Satisfied with the reforms

• Slightly more bearish