PBOC Prepares for Greater Oversight of China Economy

The video discusses concerns about China's debt, highlighted by Larry Fink of BlackRock and the PBOC's expanded role in managing economic risks. The PBOC is implementing a macroprudential assessment system to oversee bonds, equities, and capital flows. Economic growth projections are discussed, with concerns about a potential hard landing. Strategies for managing China's debt, including securitization and debt-for-equity swaps, are explored.

According to the chief economist of Commerce Bank, what does he believe about China's economic future?

What mechanisms are suggested for clearing China's corporate debt?