Macquarie Group's Hu on China Stimulus

The transcript discusses China's economic situation, focusing on low confidence levels and the need for policy changes to support growth. It highlights the cyclical recovery stage, the role of policy in driving the economy, and the impact of policy divergence on Chinese assets. The discussion also covers the balance between stimulus and deleveraging, the distinction between structural and cyclical issues, and the expected recovery in the property sector.

What balance do you think policymakers are trying to achieve between deleveraging and supporting growth?

How might the youth unemployment rate influence economic policy decisions in China?

What are the cyclical reasons behind the current economic challenges in China?