Jefferies' Darby Says Xi Has a Grip on the Economy

The transcript discusses the People's Bank of China's (PBOC) focus on financial stability rather than price stability, highlighting their efforts to control credit growth and clamp down on certain financial products. It also examines Xi Jinping's strong grip on China's economy and political scene, noting a shift away from previous economic strategies. The discussion suggests a potential shift in China's growth strategy, with an emphasis on sustainable growth and reforms, possibly leading to lower GDP growth rates.

What does the speaker suggest about the future growth targets for the Chinese economy?

In what ways does the speaker believe the current economic reforms will affect trendline growth?