StanChart's Liu on China's Macro Economy

The video discusses the impact of a hawkish Federal Reserve on China's monetary policy, highlighting the limited room for rate cuts by the PBOC and the potential for balance sheet expansion. It examines the bond market, noting the wide interest rate differential between China and the U.S., and anticipates economic recovery and potential capital inflows. The video also covers China's fiscal policy, emphasizing the expansionary stance and budget deficit. Finally, it provides a forecast for the CNY, suggesting limited depreciation against the dollar despite capital outflows.

What factors are contributing to the expected outflows in China's bond market?

What does the text suggest about the possibility of inflows returning to China's capital market?

How does the text describe the current state of China's M2 growth and its implications?