China Real Underlying Growth 'Much Lower' Than Reported, Professor Pettis Says

The video discusses China's growth targets, highlighting that they reflect political intentions rather than actual economic health. It explains that GDP in China is used as an input measure, unlike in other countries. The video also explores the impact of growth targets on employment and vested interests, noting China's capital-intensive growth. It addresses challenges in consumer confidence and household debt, emphasizing the need for wealth transfer to reduce savings rates and boost consumption.

What does the growth target set by the Chinese government indicate about their political intentions?

Why is GDP considered an input measure in China rather than an output measure?

What are the two main factors that a growth target must address to keep the job market stable?

How does the capital intensity of Chinese growth affect employment pressures?

What is the significance of household debt in relation to China's economic growth?

What is the relationship between household share of GDP and consumption in China?

What challenges does China face in transferring wealth from local governments to ordinary households?