ING's Pang on China PMI and Policy Outlook

The video discusses the impact of COVID-19 on China's manufacturing and services PMI, highlighting that manufacturing is less affected than services. It explores fiscal stimulus and systemic risk, noting challenges in achieving GDP targets without further monetary policy actions. The discussion also covers monetary policy limitations, particularly regarding interest rates and lending. Finally, it addresses unemployment concerns, especially for fresh graduates and the technology sector.

What is the teacher's estimate for the manufacturing PMI compared to the consensus?

How have catering businesses been affected by quarantine policies according to the text?

What challenges does the service sector face in recovering from the impact of COVID-19?

What is the significance of the 5.5% GDP target mentioned in the text?

What concerns are raised regarding the labor market and fresh graduates in the text?