PIMCO's Fels Sees No Signs of Economic Stabilization in China

The video discusses China's economic challenges, focusing on its conflicting goals of stimulating the economy, managing debt, and avoiding aggressive currency depreciation. It highlights the structural slowdown in China's growth, exacerbated by past tightening measures. The potential impact of a trade war with the US is explored, with an emphasis on the need for a truce to avoid further economic damage. The video also critiques China's focus on GDP targets, suggesting a shift towards employment metrics for better social cohesion.

How does the current economic slowdown in China differ from previous slowdowns?

In what ways could the trade tensions between China and the US be resolved?

What factors should be considered when evaluating China's GDP targets?