Beijing's Migrant Clearout May Hit Growth

The transcript discusses urban displacement in Beijing, comparing it to Tokyo's past. It highlights the challenges of hukou reform in Beijing, focusing on the reluctance to liberalize the household registry due to welfare system constraints. The conversation also touches on China's deleveraging efforts and the resulting economic uncertainty, particularly in the property market.

What is a significant social issue faced by wealthy residents in Beijing?

• They are moving to Tokyo.

• They are building more skyscrapers.

• They are trying to drive away their neighbors.

• They are being driven out by their neighbors.

What is the hukou system in Beijing primarily concerned with?

• Liberalizing the household registry.

• Increasing the number of wealthy residents.

• Improving public transportation.

• Building new skyscrapers.

Why is hukou reform challenging in China?

• Due to the lack of skyscrapers.

• Due to the high cost of living.

• Because of the nationalized social safety net.

• Because residents want more neighbors.

What economic measure is being taken to control leverage in the property market?

• Liberalizing the hukou system.

• Increasing the number of skyscrapers.

• Slowing down the money supply.

• Encouraging more people to move to Beijing.

What was a consequence of the party Congress regarding economic policy?

• A desire to stop leverage from rising.

• An increase in the number of wealthy residents.

• An increase in the number of skyscrapers.

• A push for more hukou reform.