China Is in the Middle of a 'New Normal': BofA's Lu

The video discusses China's economic growth projections, highlighting a slight deviation from the target of 7.5% to an expected 7.3%. It explores the concept of a 'new normal' in China's maturing economy, emphasizing the shift towards a consumption-based model. The role of industrial production and the impact of monetary policy measures are examined, with a focus on alternative strategies over traditional interest rate cuts. The video also covers the 4th Plenum, emphasizing legal and institutional reforms as part of China's broader economic strategy.

What are some alternative policy measures mentioned that the Chinese government is using instead of interest rate cuts?

What major theme was set for the 4th Plenum regarding the focus of the new leaders?