Breaking Down China's Economy

Breaking Down China's Economy

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the recent PMI numbers, highlighting concerns about subindices like production and new orders. It covers the revision of the GDP growth forecast for 2022 from 4.0% to 4.8%, driven by past data adjustments. The discussion also touches on policy easing, economic risks, and the challenges of fiscal policy and credit easing. The risks associated with local government financing and land sales are also explored, emphasizing the potential impact on fiscal revenue.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did the speaker mention regarding fiscal policy and its impact on the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How are local government financing vehicles (LGFVs) currently affecting land sales?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential risks were identified regarding local government fiscal revenue in 2022?

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