China Can't Create Growth Out of Tax Cuts, Natixis' Garcia Herrero Says

The video discusses the limited impact of trade deals on regional growth, emphasizing the need for Chinese stimulus. It highlights China's economic challenges, particularly unemployment, and suggests that fiscal measures, like tax cuts, may not suffice. Instead, bank credit to the private sector is expected to play a significant role, though its impact may be limited due to the sector's size.

In what ways does the speaker believe the current economic situation differs from that of 2008?

What does the speaker suggest about the future of bank credit in relation to the private sector in China?