China's Economy Weakening But Not Collapsing, Economist Shearing Says

The transcript discusses China's economic measures in response to a slowing economy, including a proposed 50% cut in car tax and other fiscal and monetary policies. It highlights the impact of the trade war and the steps taken by the Chinese government, such as income tax cuts and easing monetary conditions. The discussion also covers potential future strategies, including fiscal loosening and currency adjustments, to manage economic pressures.

What is the primary reason for the proposed 50% cut in car purchase taxes by the Chinese regulator?

• To promote electric vehicles

• To increase government revenue

• To counteract the effects of a trade war

• To boost car sales in China

Which recent measure was part of China's fiscal stimulus package?

• Increase in VAT

• Increase in import tariffs

• Cuts in income taxes

• Reduction in corporate taxes

What action has the People's Bank of China taken to support the economy?

• Loosened monetary conditions

• Increased reserve requirements

• Raised interest rates

• Implemented quantitative tightening

What is one potential 'nuclear option' mentioned for China's economic strategy?

• Increasing export tariffs

• Devaluing the currency

• Nationalizing industries

• Raising income taxes

What is the current currency line that China is trying to defend?

• Nine

• Eight

• Seven

• Six