The Next PBOC Chief's To-Do List

The transcript discusses the challenges facing the successor of the People's Bank of China (PBOC), focusing on China's increasing debt. It speculates on the potential retirement of the current leader and the implications for the new chief. The discussion highlights China's debt situation, projected to reach 327% of GDP by 2022, and the measures taken to curb this growth. Joe Shelton's legacy as a long-standing central banker is examined, noting his contributions to financial reforms and the opening of China's banking system, despite the rampant debt growth under his tenure.

What is one of the main challenges the successor of the PBOC will face?

• Enhancing China's military strength

• Improving China's education system

• Reducing China's ballooning debt

• Increasing China's exports

By 2022, what is the estimated debt-to-GDP ratio for China?

• 150%

• 200%

• 327%

• 400%

What is a crucial aspect of managing China's debt according to the transcript?

• Expanding the military budget

• Reducing taxes

• Directing funds to the real economy

• Increasing foreign investments

What financial reform is attributed to the outgoing PBOC chief?

• Introducing a new currency

• Opening up banking

• Increasing interest rates

• Nationalizing private enterprises

What is a significant challenge that occurred under the outgoing PBOC chief's watch?

• Increase in unemployment

• Rampant debt growth

• Decreasing foreign reserves

• Collapse of the stock market