Credit Agricole's Zhi on China Economy

The video discusses China's economic outlook, focusing on potential stimulus measures. It covers monetary policies by the PBOC, fiscal strategies for infrastructure, and efforts to boost private sector confidence. The importance of local government debt management is also highlighted, emphasizing the need for concrete actions to revive market confidence.

What is the expected stance of China's policymakers regarding economic stimulus?

• Aggressive and large-scale

• Immediate and widespread

• Cautious and targeted

• No stimulus at all

Which institution is responsible for monetary policy actions like rate cuts in China?

• National Development and Reform Commission

• People's Bank of China (PBOC)

• Ministry of Finance

• State Council

What is a key focus of China's fiscal policy measures?

• Reducing taxes

• Expanding infrastructure funding

• Cutting government spending

• Increasing export tariffs

What is crucial for boosting market confidence in China?

• Limiting private sector growth

• Reducing foreign investments

• Concrete measures and long-term commitment

• Increasing taxes

What is a significant challenge in the current Chinese economic down cycle?

• Excessive foreign investment

• Overproduction

• Low confidence

• High inflation

What role do local governments play in managing fiscal situations in China?

• Only advisory role

• They have no role

• Primary responsibility for fiscal management

• They manage international trade

What is the likelihood of a nationwide bailout by Beijing for local governments?

• Not considered at all

• Unlikely at this stage

• Very likely

• Already happening