Macquarie's Hu Says China Serious on Deleveraging in 2018

The transcript discusses China's economic reforms, focusing on deleveraging and its associated risks. It highlights the challenges Beijing faces in balancing economic growth with structural changes, particularly in the context of local government debt and infrastructure spending. The discussion also covers the policy approach of mini cycles and mini stimulus, emphasizing the need for a new perspective in the upcoming five-year political cycle. The overall outlook suggests a more serious approach to economic restructuring, with limited room for further leveraging.

In what ways have policymakers in China responded to economic slowdowns in the past five years?

What changes are expected in China's economic policies in the new five-year political cycle?