China Must Regulate to Focus on Consumer Demand, Economist Pickering Says

The video discusses China's current economic situation, highlighting its ability to delay economic difficulties due to substantial domestic savings and capital control. It examines the challenges posed by maintaining a high growth target, which is inconsistent with a consumer-driven economy, leading to issues like debt and capital misallocation. The video also explores China's tools to manage economic downturns and the difficulties in transitioning to a consumer-driven economy. Finally, it warns of potential future economic challenges if the transition is delayed.

How does China's growth target of six to six and a half percent impact its economy?

What are the key issues preventing China's transformation to a consumer-driven economy?

What tools does China have to deal with economic downturns?

In what ways can China generate domestic savings?

What are the potential consequences of delaying economic pain in China?