China's Growth Momentum to Slow Slightly, UBP Says

The transcript discusses the economic outlook in China and Japan, focusing on the PBOC's policy stance, GDP trends, and challenges in maintaining economic recovery. It highlights the impact of COVID-19 on consumption and manufacturing, the risks of policy tightening, and geopolitical tensions. Japan's economic performance is analyzed, noting strong export growth to China and the US, and the potential impact of the Tokyo Olympics. The yen's trajectory and the influence of the US dollar are also examined.

What was a significant factor in the GDP growth rebounding on a year-on-year basis?

• Increased manufacturing output

• Base effect from last year's COVID disruptions

• Rise in export activities

• Improved employment rates

What is one of the key risks to the economic outlook mentioned in the transcript?

• Increase in domestic tourism

• Reduction in government spending

• Excessively aggressive policy tightening

• Decrease in global oil prices

How did Japan's exports to China perform according to the transcript?

• Decreased by 10%

• Increased by 5%

• Remained stable

• Increased by 37.2%

What is expected to be a drag on the Japanese economy despite export growth?

• Weak domestic consumption

• Strong yen appreciation

• High inflation rates

• State of emergency measures

What is the expected trajectory of the Japanese yen according to the transcript?

• Stable with no change

• Slight appreciation

• Significant appreciation

• Significant depreciation

What factor is expected to exert downside pressure on the US dollar in the second half?

• Rising interest rates

• Widening current account deficit

• Decreasing public debt

• Increasing foreign investments

What is a potential challenge for the US economy mentioned in the transcript?

• Increasing inflation

• Rising unemployment rates

• Public debt management

• Decreasing export demand