This Is the Right Direction for Policy in China, Says ING's Carnell

The video discusses recent economic policies by Chinese officials aimed at supporting private firms through bond financing, asset management plans, and potential tax cuts. It explores whether these measures are sensible given the economic headwinds and global challenges. The discussion also covers the affordability and risks of these policies, comparing them to past responses, particularly the 2015 approach. The focus is on supporting private companies, which are more exposed to trade war impacts, rather than state-owned enterprises.

In what ways does the text suggest that the authorities should respond to market conditions?

What is the significance of rescuing private companies in the context of the trade war?