China Needs to Tap Policy Space 'More Aggressively' in 2025, Standard Chartered Says

The video discusses the economic outlook for China, focusing on uncertainties and growth targets for 2024 and 2025. Key themes for 2025 include tariffs, stimulus, housing, and consumption. The impact of tariffs on GDP and the need for stimulus measures are highlighted. Challenges faced by local governments due to the property sector and debt crisis are explored. The video also covers fiscal policy, budget deficit, and debt management strategies.

Discuss the potential disconnect between local governments' capabilities and their responsibilities in supporting the economy.

What role does the property sector play in the economic challenges faced by local governments?

How could the fiscal policy, if fully implemented, support China's economic growth?