More Stability in Chinese Economy

The video discusses the current state of the economy, highlighting a steadying trend but potential tightening bias, especially in the property sector. The manufacturing sector shows improvement with PMI readings above 50, indicating better conditions. The services sector remains robust. In the property market, China is implementing cooling measures to curb speculation, with significant price increases in cities like Shenzhen and Beijing. New regulations include higher down payments and restrictions on non-locals buying second homes.

What does a PMI reading above 50 generally indicate about the economy?

• Stagnation

• Economic expansion

• Deflation

• Economic contraction

Which sector is taking up a larger percentage of the economy according to the video?

• Manufacturing

• Agriculture

• Services

• Mining

What is one of the reasons for the tightening measures in the property market?

• To encourage foreign investment

• To increase property prices

• To boost construction

• To cool down speculation

Which city saw a 60% year-over-year increase in new home prices in August?

• Shenzhen

• Guangzhou

• Beijing

• Shanghai

What is the new down payment requirement for first-time homebuyers in Beijing?

• 20%

• 25%

• 30%

• 35%