BofA China Economist Says Achieving 5.8% Growth Is Not an Easy Job

The transcript discusses China's economic forecast, highlighting a discrepancy in growth predictions and the need for policy easing. It critiques the PBOC's monetary policy, suggesting more action is needed. The slowdown in China's economy is attributed to structural changes, trade conflicts, and deleveraging efforts. The transcript also covers China-U.S. trade talks, emphasizing unresolved issues and the impact of food inflation on trade dynamics.

What growth rate does the speaker predict for China, and what is required to achieve it?

• 6.0% with no policy changes

• 5.7% with increased policy easing

• 6.5% with increased investment

• 5.8% with reduced policy easing

What was the market's expectation regarding the PBOC's prime loan rate decision?

• No change in the prime loan rate

• A cut in the prime loan rate

• An increase in the prime loan rate

• A new type of loan introduced

Which of the following is NOT mentioned as a factor in China's economic slowdown?

• Deleveraging efforts

• Trade conflicts

• Structural changes in consumption

• Increased foreign investment

What is the speaker's view on the progress of China-U.S. trade negotiations?

• They have stalled completely

• They are irrelevant to economic growth

• They are progressing but with skepticism

• They are fully resolved

What is the significance of China's potential increase in agricultural imports from the U.S.?

• It could significantly alter the trade imbalance

• It will lead to a decrease in China's food inflation

• It will have no impact on trade balance

• It will only benefit U.S. farmers

What is one unresolved issue in the China-U.S. trade talks mentioned in the transcript?

• The education sector

• The tourism industry

• The technology sector, including Huawei

• The exchange rate policy

Why is China increasing its imports of soy and meat, according to the speaker?

• To address its own protein shortage

• To help U.S. farmers exclusively

• Due to a surplus of hogs

• To reduce its trade surplus