BNP Paribas' Rong on China's Activity Data

The video discusses China's economic challenges in April, highlighting a technical recession with negative GDP growth due to COVID-19 restrictions and lockdowns. The yuan's performance is analyzed in light of economic growth targets, with concerns about meeting the 5.5% growth target. Currency weakness is attributed to slowing export growth and financial market conditions. The video also covers monetary policy, emphasizing targeted easing measures by the PBOC to support specific sectors amid economic constraints.

What was the percentage decrease in industrial production in China during April?

• 6.1%

• 3.9%

• 2.9%

• 7.0%

What was the revised annual growth forecast for China after the April economic figures?

• 5.5%

• 4.5%

• 3.5%

• 6.0%

What was the impact of the COVID-19 wave on China's ability to meet its growth target?

• Decreased likelihood

• No impact

• Increased likelihood

• Achieved target

By how much did the yuan depreciate in the quarter discussed?

• 5%

• 6%

• 8%

• 7%

What approach is the PBOC taking to manage the currency's depreciation?

• Currency pegging

• Hands-on approach

• Fixed exchange rate

• Hands-off approach

Which sector is NOT mentioned as a target for the PBOC's relending programs?

• Micro and small business

• Real estate

• High tech

• Agriculture

What is the PBOC's strategy for supporting the real economy under lockdown conditions?

• Reducing export tariffs

• Currency devaluation

• Targeted easing

• Increasing interest rates