China's Economy Charges on Despite Debt Risks

The video discusses China's GDP growth, which aligns with government targets, reducing fears of a hard landing. Market reactions to potential economic risks, termed 'Gray rhinos', highlight concerns about deleveraging and bad debts. The government is expected to continue its crackdown on lending and shadow banking, with stringent regulations and accountability for regulators. Financial risks are now a national priority, emphasized by Xi Jinping, indicating a long-term commitment to addressing these issues.

What implications does the speaker suggest regarding government policy and deleveraging?

How has Xi Jinping's stance on financial risks changed according to the speaker?