China Undergoing an L-Shaped Recovery, Says UBS Asset Management’s Briscoe

The video discusses the weak economic numbers in China, focusing on the credit impulse related to local government bond issuance. It highlights the ongoing economic slowdown and the expectation of an L-shaped recovery. The discussion also covers the trends in Chinese bonds, the challenges faced by small banks, and the importance of establishing a credit culture in the economy.

What factors are contributing to the inefficiency of small banks in China?

How does the government aim to create a credit culture in the economy?