China's Growth to Continue to Slow, JPMorgan's Ng Says

The transcript discusses the current economic slowdown, highlighting the contraction in auto sales and the persistent high PPI prices. It examines the government's counter-cyclical measures, including monetary and fiscal policies, aimed at stabilizing growth. The focus is on tax cuts for the corporate and household sectors to boost private sector efficiency. However, there is uncertainty about the impact of these measures on the real economy. The GDP growth is expected to slow, with a forecast of 6.2% for the year, and the policy response is notably different from past cycles.

What are the expected growth rates for the fourth quarter and the year 2019 as mentioned in the text?

What concerns are raised regarding the effectiveness of tax cuts for the corporate and household sectors?