China's Growth Target of 5.5% Will Be Challenging: Shan

The video discusses China's economic growth expectations, highlighting the challenges in achieving a 5.5% growth target due to factors like COVID outbreaks, housing issues, and global demand uncertainties. It analyzes fiscal policy, noting a conservative budget but potential for increased economic support through augmented fiscal deficit. The discussion covers government bond supply, emphasizing the need for comprehensive fiscal support. On the monetary side, it explores the alignment of money supply and credit growth with nominal GDP, suggesting room for policy easing despite official statements.

What is the expected growth target discussed in the video?

• 4%

• 5%

• 3%

• 6%

What are some of the challenges mentioned in achieving the growth target?

• Stable housing market

• Strong supply chains

• Rising commodity prices

• Decreasing global demand

What is the official budget deficit mentioned in the video?

• 4.0%

• 3.2%

• 2.8%

• 1.5%

What additional resources are considered in the budget analysis?

• Foreign investments

• Local government special bond issuance

• Private sector loans

• International aid

How much net government bond supply is expected this year?

• 8 trillion RMB

• 6 trillion RMB

• 7 trillion RMB

• 5 trillion RMB

What is the relationship between money supply and nominal GDP according to the video?

• Money supply should be in line with nominal GDP

• Money supply should be less than nominal GDP

• Money supply is unrelated to nominal GDP

• Money supply should be more than nominal GDP

What does the video suggest about the potential for monetary policy easing?

• There is limited room for easing

• There is still room for easing

• There is no room for easing

• Easing is not discussed