World Needs Reflationary China, Not Stable China, Says Macquarie’s Shvets

The video discusses China's current economic strategy, focusing on its debt management and the need for increased credit demand. It highlights the importance of shadow banking and infrastructure investment for economic growth. The discussion also covers expected policy changes, emphasizing the need for targeted measures to stimulate the economy. The video concludes with an analysis of China's trade data, indicating strong exports but weak domestic demand, and the implications for global commodity prices.

What are the implications of China's current credit demand on its economy?

How does the government’s reluctance to open up shadow banking affect China's economic stability?

In what ways could infrastructure investment impact China's economic growth?

Discuss the relationship between China's exports and imports data and domestic demand.

What role does the state play in stimulating economic activity in China?