Societe Generale on Cutting China GDP Forecast

The transcript discusses recent stimulus measures in China, including mortgage rate cuts and reduced down payments, and their potential impact on housing sales in low and top tier cities. It examines the effects on consumption and GDP, highlighting challenges like falling house prices and unemployment. Future expectations include more interest rate cuts and easing measures. The economic forecast for 2023 has been revised due to weak data and risks in the housing sector.

In what ways could the recent interest rate cuts impact household consumption?

What are the expected next steps for the government regarding local government debt?