StanChart's Vinals Sees China Rebalancing Economy

The video discusses the current state of the Chinese economy, highlighting its recent growth and the shift towards a more sustainable growth pattern. It emphasizes the importance of rebalancing the economy by adjusting the policy mix, reducing monetary stimulus, and increasing fiscal stimulus. The video also covers China's efforts to manage high corporate leverage and maintain financial stability through a deleveraging campaign, which involves reducing excess leverage and liquidity in the financial system. The overall message is that while China's growth rates are lower than in the past, they are more sustainable, and the country remains a crucial part of the global economy.

Why is it critical for China to safeguard financial stability?

What is the significance of rebalancing the policy mix in China's economy?