China Retail Sales, Industrial Output Beat Expectations

The transcript discusses the unexpected strength in China's economic data, the impact of lockdowns in major cities like Shenzhen on growth, and the influence of base effects and the Lunar New Year on economic indicators. It also covers the reevaluation of growth forecasts due to widespread COVID-19 cases, the need for fiscal and monetary stimulus to achieve growth targets, and the impact of global inflation, particularly from the Ukraine conflict, on China's economy.

What are the implications of the high base effect from last year on current economic data?

In what ways might the PBOC's monetary policy need to adapt in response to current economic conditions?

How is high energy inflation impacting the Chinese economy?