Taking Stock of China's Economy

The transcript features a discussion with Steven Shoe, Deloitte China's chief economist, on China's economic outlook. It covers topics such as the PPI numbers, the PBOC's exchange rate policy, and the impact of base metals on the economy. The conversation also touches on China's debt burden and financial stability, highlighting the concept of 'controlled failure' to manage risks without causing systemic issues.

What measures have been taken by Chinese regulators to manage financial distress?

What does the term 'controlled failure' mean in the context of Chinese economic policy?