Beijing's Migrant Clearout May Hit Growth

The transcript discusses urban displacement in Beijing, comparing it to Tokyo's past. It highlights the challenges of hukou reform in Beijing, focusing on the reluctance to liberalize the household registry due to welfare system constraints. The conversation also touches on China's deleveraging efforts and the resulting economic uncertainty, particularly in the property market.

What are the reasons mentioned for the displacement of people in Beijing?

What challenges are associated with the hukou reform according to the discussion?

How does the hukou reform relate to the social safety net in China?

Discuss the significance of the party Congress mentioned in the text.

What impact does the property market have on the money supply in China?