JPMorgan's Chang Sees Below 6% Growth in China for 2020

The video discusses China's projected economic growth, expected to slow to 4.5% over the next decade, and its global implications. China's high debt burden, fiscal deficit, and need for state-owned enterprise reform are highlighted as constraints. Despite these challenges, China has tools like capital controls and high savings to manage the situation. The slowdown will affect global economies, particularly Europe and Latin America, with emerging markets being significantly impacted.

What is the projected economic growth rate for China over the next decade?

• 4.5%

• 3.5%

• 6.5%

• 5.5%

Which of the following is a significant constraint on China's economy?

• Low inflation

• Surplus fiscal budget

• High debt burden

• Low savings rate

What economic tool does China have to manage its slowing growth?

• Open banking system

• Capital controls

• High interest rates

• Low savings

What is one of the main reasons for China's need to reform its state-owned enterprises?

• To increase exports

• To manage lower growth

• To reduce fiscal deficit

• To increase labor force

How does a decline in China's growth rate affect Latin America?

• It increases Latin America's inflation

• It reduces Latin America's growth by 1%

• It has no impact on Latin America

• It boosts Latin America's growth by 1%