China Economy May Grow 6.1% in 2019, AXA Investment's Yao Says

The video discusses the government's strategy to balance short-term growth with long-term sustainability, focusing on fiscal policy and tax cuts. It highlights the cautious approach to monetary policy and the potential impact on economic growth. The importance of consumption and job growth is emphasized, given their significant contribution to GDP. The challenges of financing tax cuts and their net impact on the economy are also explored.

What are the potential consequences of a deteriorating labor market on the economy?

Why is the labor market considered crucial for consumption and overall economic health?