Not Seeing Pick Up in China's Domestic Activity: Wang

The transcript discusses the impact of the Shanghai lockdown on domestic activity, highlighting a significant slowdown in growth. It examines the role of base effects on GDP and retail sales, noting a lack of momentum in domestic activity. The discussion shifts to potential fiscal and monetary stimulus measures, emphasizing the need for fiscal spending on infrastructure and support for the property market. The transcript concludes with an analysis of credit growth and the limited effectiveness of monetary policy due to weak demand and confidence.

How does the base effect influence year-on-year growth predictions for retail sales?

What factors are contributing to the slowdown in domestic activity numbers?

What is the expected impact of fiscal and monetary stimulus measures on the economy?

What measures are being considered to stabilize the economy according to the text?

What challenges are mentioned regarding credit growth and its effectiveness?