China’s February PMI Data Fell to Lowest Level on Record

The transcript discusses the severe economic impact of the coronavirus, highlighting record low manufacturing and non-manufacturing PMI figures. Economists have revised GDP forecasts for China, predicting significant contraction in the first quarter. Various financial institutions provide differing views on recovery, with some expecting a rebound in the second half of the year. The Chinese government and regulators are implementing measures to support businesses, particularly SMEs, by allowing loan repayment delays and injecting liquidity. However, concerns remain about the potential rise in non-performing loans if the pandemic's impact persists.

What was the unexpected outcome of the economic data released in China?

• The data was inconclusive.

• The data indicated a severe economic contraction.

• The data was better than expected.

• The data showed a significant economic growth.

Which financial institution predicts a rebound in the second half of the year?

• Nomura

• ANZ Bank

• Goldman Sachs

• PIMCO

What percentage of middle to large companies were reported to be back up and running?

• 80%

• 50%

• 60%

• 70%

What measure has the Chinese banking regulator taken to support SMEs?

• Delayed loan repayments

• Increased taxes

• Increased interest rates

• Immediate loan repayment

What could happen to non-performing loans if the coronavirus impact continues?

• They could remain stable.

• They could triple.

• They could decrease significantly.

• They could double.