Vanguard's Wang Expects More Monetary and Fiscal Stimulus From China

The transcript discusses China's economic growth, focusing on the expected 6% growth rate and the role of monetary and fiscal stimulus. It highlights concerns about the effectiveness of these policies due to high leverage and weak private sector confidence. The PBOC's conflicting mandates and frequent policy changes are examined, emphasizing the need for balance among multiple policy goals. The discussion concludes with concerns about over- or under-stimulating the economy, which could lead to increased financial risks.

What are the conflicting mandates faced by the People's Bank of China (PBOC)?

In what ways might the Chinese government attempt to maintain economic growth around 6%?