Huatai Securities' Yi on China's Power Crunch Impact on the Economy

The transcript discusses the impact of inflation on CPI and economic stability, noting limited spillover to consumer prices. It highlights GDP forecast downgrades due to fiscal tightening and pandemic effects, with potential growth driven by trade surplus. The discussion covers deleveraging efforts, particularly concerning Evergrande, emphasizing minimal state capital use to manage risks. It also examines risks among property developers, stressing government supervision to prevent market spillover.

What are the expected growth rates for the fourth quarter of this year, and what factors are driving this?

What is the significance of Evergrande in the context of property developers and systemic risk?

How might the government respond to the cash flow issues faced by property developers?