Macquarie's Hu See a Slowdown in China Growth in 2H

The transcript discusses the current economic situation in China, focusing on inflation rates (CPI and PPI), GDP growth, and the potential slowdown in the economy. It highlights the People's Bank of China's stance on monetary policy, the impact of corporate leverage, and the internal demand within the country. The discussion also covers the main economic drivers, such as exports, housing, and infrastructure spending, and anticipates a slowdown in these areas due to weak credit growth.

What is the current stance of the People's Bank of China regarding monetary policy?

• They are tightening the policy.

• They are maintaining a loosening stance.

• They are increasing interest rates.

• They are focusing on foreign investments.

What does the PPI suggest about companies in China?

• They lack pricing power.

• They are facing financial difficulties.

• They have strong pricing power.

• They are reducing production.

How did the Chinese economy perform in the first half of the year?

• It experienced a significant decline.

• It remained stagnant with no growth.

• It faced a recession.

• It showed robust growth with a 6.8% GDP increase.

What are the main factors driving China's economy?

• Banking, healthcare, and education

• Retail, manufacturing, and services

• Exports, housing, and infrastructure spending

• Tourism, agriculture, and technology

What is expected to happen to China's property and export sectors in the second half of the year?

• They are expected to grow significantly.

• They are expected to remain stable.

• They are expected to slow down.

• They are expected to collapse.