PBOC Pledges Stronger Support for Economy

The transcript discusses the ongoing mortgage boycotts in various cities, highlighting the government's efforts to stabilize the situation by urging banks to provide credit. It also touches on the economic impact, noting a slow growth rate and the government's target for the year. The potential ripple effects of the crisis are analyzed, with concerns about more home buyers joining the boycott and its impact on developers and the financial system.

What is the significance of the 0.4% growth in the economy mentioned in the text?

What concerns do regulators have regarding the mortgage boycotts and their potential effects?