China Beige Book Expects a Notch Up for China 2Q GDP

The video discusses a recent financial work conference in China, highlighting Xi Jinping's proposal for a new regulatory committee. The potential impact of this committee on China's financial system is explored, along with the ongoing competition among regulators. The video also examines recent economic numbers, the effects of a deleveraging campaign, and the implications of rising interest rates. The upcoming Party Congress is seen as a critical event that could influence future economic policies and expectations.

What was surprising about Xi Jinping's statement regarding the committee?

How does the speaker perceive the potential effectiveness of the new committee?

What economic indicators are being monitored in relation to the deleveraging campaign?

What was the overall performance of the economy in the second quarter compared to the first?

How did firms react to the changes in bank rates and shadow banking rates?