China's Premier Li Urges Fiscal, Monetary Policies to Boost Economy

The transcript discusses the economic challenges China faces post-COVID, highlighting concerns over a potential lack of a V-shaped recovery due to Omicron and strict lockdowns. Lee Chong urges the use of fiscal and monetary policies to stabilize the economy, focusing on employment as a key factor for stability. While specific measures are not detailed, expectations include possible cuts in bank reserve requirements and interest rates. The need to stabilize consumer prices and ensure grain supply is also emphasized.

What are the expectations of economists regarding the State Council's measures?

What specific economic indicators did Lee mention that need stabilization?