Nomura's Subbaraman: Getting Worried About China's Banks

The discussion highlights China's economic challenges, including high debt, unemployment, and deflation. Current policy measures are deemed insufficient to revive the economy. While some sectors like services and EVs show potential, the property market remains weak. A stronger policy response is needed to address structural issues, with concerns about banks being used as policy tools.

What are the main structural problems currently affecting the economy mentioned in the text?

How do the piecemeal policy measures impact the economy according to the discussion?

What potential bright spots in the economy are identified in the text?

What concerns are raised regarding the banking sector's role in the economy?

What is suggested as necessary for a more effective response to the economic issues?