Nomura's Subbaraman Sees China Focus on Growth Quality

The transcript discusses China's focus on quality over quantity in economic growth, emphasizing supply side reforms and the potential impact of leadership changes on these reforms. It highlights the importance of strong leadership for implementing painful but necessary reforms. The discussion also covers economic growth forecasts, suggesting a shift towards consumption-driven growth and a potential slowdown in GDP growth, with a focus on safer, more sustainable growth strategies.

What is the primary focus of China's recent economic strategy?

• Reducing export tariffs

• Expanding credit availability

• Enhancing quality of growth

• Increasing industrial output

Why is strong leadership considered crucial for China's reforms?

• To maintain political stability

• To increase foreign investments

• To manage the painful adjustments required

• To ensure short-term economic gains

What is the expected change in China's GDP growth rate for next year?

• Remain at 6.8%

• Increase to 7.0%

• Drop to 5.5%

• Decrease to 6.2%

What shift is China making in its economic growth strategy?

• From consumption-driven to export-driven

• From credit-reliant to consumption-driven

• From service-based to manufacturing-based

• From industrial to agricultural focus

What might indicate a focus on quality over quantity in China's growth targets?

• Eliminating growth targets altogether

• Maintaining the current growth target

• Increasing the growth target to 7%

• Lowering the growth target to 6-6.5%