China Could Do More to Support Recovery, Goldman Says

The video discusses the current state of the economy, focusing on the easing of economic policies and interest rate cuts. It highlights the impact of China's COVID-0 strategy on economic growth and consumer activity. The discussion also covers the challenges faced by the property sector and the need for further policy support. Despite these challenges, there are some bright spots, such as a strong external economy and trade surplus. The video emphasizes the importance of domestic policy easing and improved growth as key factors for economic recovery in 2023.

What recent measure was taken to help the housing market in China?

• A 15 basis point cut in the five-year loan prime rate

• A 50 basis point increase in interest rates

• A new tax on property sales

• A reduction in housing supply

How does the zero COVID strategy affect China's economy?

• It boosts consumer activity

• It impairs consumer activity and stimulus effectiveness

• It leads to a decrease in exports

• It increases foreign investments

What is a necessary condition for China's economic growth according to the discussion?

• Raising interest rates

• Easing the zero COVID strategy

• Increasing exports

• Reducing government spending

What is considered a bright spot in the Chinese economy?

• An increase in unemployment

• A gigantic trade surplus

• A decrease in imports

• A rise in housing prices

What is crucial for China's growth as we move into 2023?

• Stricter trade regulations

• More domestic policy easing and improved domestic demand

• Increased foreign aid

• Higher interest rates