China Facing 'Long Battle' to Reflate Economy, Morgan Stanley Says

The transcript discusses the economic situation in Beijing, focusing on the challenges of reflation in China. It highlights the need for a shift from supply-centric to consumption-centric policies, predicting a long-term battle to achieve economic balance. The best-case scenario involves a significant stimulus package and social safety reforms, while the base case suggests continued reliance on supply-centric policies, which may not suffice for quick reflation.

What does the speaker mean by 'old school supply centric mentality' in the context of China's economic policy?

What is the expected timeline for the Chinese economy to find the right policy mix according to the speaker?