Manufacturing Still Very Important for China, Says OCBC's Xie

The video discusses the impact of trade tensions on the Chinese economy, highlighting initial effects and policy responses such as fiscal measures and PBOC's proactive stance. It explores China's strategic shift towards a service-driven economy while maintaining manufacturing, especially high-tech sectors. Current economic indicators like the Caixin PMI are analyzed, with a focus on growth outlook and potential challenges from trade wars and financial conditions.

In what ways is the shift towards a service-driven economy significant for China's growth?

What are the potential impacts of the trade war on China's manufacturing sector?