S&P Global Ratings: China Economy to Grow About 7% in 2021

The video discusses the impact of the pandemic on trade data, highlighting Asia's management of COVID-19 compared to the US and Europe. It explores Asia's economic dependence on the US and Europe, emphasizing the risks of rising current account surpluses. The video also analyzes China's growth outlook, noting cautious consumer behavior and the effects of fiscal stimulus. Finally, it examines China's monetary policy and the significance of credit data in understanding economic activity.

What is the main reason for the disparity between exports and imports in Asia?

• High domestic demand

• Pandemic management

• Increased mobility

• Low consumer confidence

What could be a potential problem for Asia if current account surpluses continue to rise?

• Increased domestic demand

• Over-dependence on US and European growth

• Decreased export levels

• Higher inflation rates

Why is the growth outlook for China on the lower side of the consensus?

• Cautious consumer behavior

• High consumer spending

• Strong fiscal stimulus

• Rapid economic recovery

What is the Chinese government's focus that affects medium-term growth?

• Managing financial risk

• Reducing imports

• Increasing exports

• Boosting consumer spending

What is the PBOC's approach to liquidity conditions during the lunar New Year?

• Expand fiscal policy

• Reduce interest rates

• Maintain stability

• Increase volatility

What is the significance of credit data in China during the lunar New Year?

• It shows consumer spending

• It reflects inflation rates

• It predicts export levels

• It indicates GDP growth

What has been the trend in the net flow of new credits in China recently?

• Increasing rapidly

• Stable at high levels

• Decreasing slightly

• Substantial credit tightening