Natwest's Peiqian Liu on China's Economic Slowdown

The video discusses the divergence between PPI and CPI in China, attributing it to supply chain disruptions caused by floods and COVID-19. It covers GDP growth forecasts, highlighting concerns about the service sector's recovery. The concept of 'common prosperity' marks a shift from GDP-centric policies to more sustainable growth indicators. Fiscal policy and infrastructure spending are seen as potential supports for economic growth.

How does the supply side remain resilient despite the challenges faced by the service sector?

What indicators might emerge to assess local government officials under the common prosperity framework?

In what ways could fiscal policy play a role in stabilizing growth in the second half of the year?