CLSA Chief Economist Fishwick on China's Growth Outlook

The transcript discusses the need for rebuilding economic balance sheets following rapid credit growth before the pandemic. It highlights the mixed nature of credit data and inflation, emphasizing the importance of improving household and corporate balance sheets. The impact of the property market on household wealth and the challenges posed by an aging population are explored. The discussion concludes with an analysis of sustainable growth rates in China and their implications for other Asian economies.

What was a significant economic issue in China before the pandemic?

• High unemployment rates

• Rapid credit growth

• Low inflation rates

• Decreasing exports

Why is there a need for real estate price adjustments in China?

• To maintain household confidence in property value

• To reduce government debt

• To boost export levels

• To increase foreign investments

What demographic challenge is China facing that affects its economic growth?

• Youth unemployment

• High immigration rates

• Aging population

• Increasing birth rates

How has Beijing's growth target changed over the years?

• From 10% to 7%

• From 8% to 5%

• From 6% to 4%

• From 9% to 6%

What is a potential consequence of an aging workforce in China?

• Increased consumer spending

• Higher savings rates

• Lower savings rates

• Decreased government spending