Moynihan Says China Is Working on the Debt Side

Brian Moynihan, Chairman and CEO, discusses tax reform, the US economy, and European prospects. He highlights the challenges of job creation and the role of urbanization and industrialization. Moynihan also talks about China's economic growth and its potential as a market for Bank of America. He outlines the bank's strategy in China, focusing on corporate investment banking and local incorporation, while noting the challenges and opportunities in the region.

What is one of the main challenges mentioned by Brian Moynihan in creating enough jobs?

• High taxation

• Political instability

• Lack of skilled workers

• Urbanization and industrialization

What is the growth rate mentioned for the second largest economy in the world?

• 4%

• 5%

• 6%

• 7%

What is China's stance towards US banks as mentioned in the discussion?

• Allowing only joint ventures

• Prohibiting them from entering the market

• Encouraging them to own more than 50% of some entities

• Restricting their operations

What type of banking does Bank of America focus on in China?

• Retail banking

• Corporate investment banking

• Microfinance

• Personal banking

What is Bank of America's approach towards equity markets in China?

• Complete withdrawal

• Focus on retail investors

• Aggressive expansion

• Cautious and strategic