BNP Paribas Deputy Chief China Economist's Rong

The video discusses the MPC market's growth targets, highlighting the government's aim to maintain a 5.5% target. It delves into fiscal policy, revealing a more expansionary approach than headline figures suggest, with significant government spending on infrastructure. The impact of global risks on currency and the economy is analyzed, noting the RMB's support from capital inflow. Finally, the video examines the effects of high commodity prices on inflation, concluding that CPI is not a major threat this year.

How much is the fiscal expenditure expected to increase this year?

What is the expected range for the currency exchange rate?

What impact do high global commodity prices have on inflation in China?