ANZ's Wang: China's Best Scenario is L-Shaped Recovery

The video discusses China's economic outlook, highlighting concerns about GDP growth and the impact of COVID-19 lockdowns. It examines the effectiveness of fiscal and monetary stimulus in achieving a 5% growth target for 2023. The discussion also covers trade numbers, external demand, and the potential slowdown in export growth. Concerns about China's debt levels and the need for deleveraging and structural reforms are also addressed.

What is the revised GDP growth forecast for China in 2023?

• 5.1%

• 4.2%

• 6.0%

• 3.8%

What is one of the main reasons for the optimism in China's economic recovery?

• Decrease in inflation rates

• Rise in foreign investments

• Easing of lockdowns in major cities

• Increase in global demand

How much is the Shanghai lockdown estimated to impact China's GDP?

• 0.6 percentage points

• 0.2 percentage points

• 1.0 percentage points

• 0.4 percentage points

What is expected to happen to China's export growth this year compared to last year?

• It will increase significantly

• It will decline sharply

• It will remain the same

• It will slow down to single-digit growth

What is a potential risk if the COVID situation in China remains uncontrolled?

• Strengthening of China's technological linkage

• Risk to China's core competitiveness

• Increase in foreign investments

• Improvement in local government finances