BNP Paribas Deputy Chief China Economist's Rong

The video discusses the MPC market's growth targets, highlighting the government's aim to maintain a 5.5% target. It delves into fiscal policy, revealing a more expansionary approach than headline figures suggest, with significant government spending on infrastructure. The impact of global risks on currency and the economy is analyzed, noting the RMB's support from capital inflow. Finally, the video examines the effects of high commodity prices on inflation, concluding that CPI is not a major threat this year.

What was the growth target set by the MPC market?

• 6.0%

• 5.5%

• 5.0%

• 4.5%

What is the expected fiscal deficit as a percentage of GDP?

• 2.8%

• 3.0%

• 3.5%

• 4.0%

How much is the government planning to mobilize from carryovers and various fund accounts?

• 1.5 trillion RMB

• 2.7 trillion RMB

• 3.0 trillion RMB

• 3.65 trillion RMB

What is the primary focus of the central government's increased spending?

• Healthcare

• Education

• Infrastructure

• Defense

What is the expected range for the R&B currency to trade in?

• 6.10 to 6.20

• 6.20 to 6.30

• 6.40 to 6.50

• 6.30 to 6.40

What percentage of China's CPI basket is accounted for by oil?

• 3.0%

• 2.5%

• 2.0%

• 1.5%

What is the maximum impact on China's CPI inflation if crude prices exceed $130 per barrel?

• 0.3 percentage points

• 1.0 percentage points

• 0.5 percentage points

• 0.7 percentage points