Making Sense of China's Economy

The video discusses the economic downturn and the measures policymakers are considering to stimulate growth, such as cutting mortgage interest rates. It highlights the need for credit expansion and the challenges posed by the 'impossible trinity' of growth targets, COVID policies, and deleveraging. The discussion also covers systemic risks, the impact of currency depreciation, and the balance between COVID policies and economic objectives. The importance of infrastructure investment and labor market stabilization is emphasized.

What does the speaker believe is necessary for achieving the 5.5% growth target?

What are the potential consequences of not addressing the systemic risks mentioned?

How does the speaker describe the impact of credit expansion on economic recovery?