PBOC Will Keep Monetary Policy Accomodative: ANZ's Kusuma

The transcript discusses China's economic outlook with a 4.9% growth target, highlighting macroeconomic challenges and the need for both long-term and short-term policy measures. Policymakers are engaging more with businesses to address concerns, but structural economic issues persist. The People's Bank of China (PBOC) is expected to maintain accommodative monetary policies, with potential rate cuts in 2024. However, monetary easing alone may not suffice, and additional measures are needed to boost consumer confidence and address high youth unemployment.

How have policymakers been engaging with businesses according to the text?

What is the GDP growth forecast for China in 2023 mentioned in the text?

What is the expected monetary policy action in the coming months?

What are the longer-term measures that need to be accompanied by shorter-term measures?

What measures are suggested to address the slide in consumer confidence?