We Remain Constructive on our China Growth Outlook, Says JPMorgan’s Liao

The transcript discusses the economic growth outlook, focusing on stable growth in the second and third quarters despite mixed results in the first quarter due to Chinese New Year seasonality. It highlights the impact of fiscal and monetary policies, including tax cuts and data-dependent monetary policy. The analysis of new orders and export indicators shows optimism for recovery, although some subcomponents fell from March. The discussion concludes with policy implications, suggesting no immediate need for RRR cuts but potential adjustments in June or July.

What concerns are raised about the data from March and April?

What is the speaker's stance on further monetary policy cuts in the near term?