Tilton: China to See Modest Above Trend Growth This Year

The video discusses the current economic outlook, projecting modest growth in 2023 with a slowdown in 2024. It highlights the balance between reopening benefits and long-term challenges like property busts and sluggish exports. Policy measures are expected to focus on structural issues rather than large-scale stimulus. Youth unemployment is a significant concern, with over 20% affected, mainly due to the mismatch between job demand and available skills. The video emphasizes the need for targeted employment growth to address potential social stability issues.

What are the two opposing forces affecting the current economic situation?

• Reopening tailwinds and property booms

• Reopening tailwinds and long-term headwinds

• Export growth and property busts

• Policy tightening and easing

What is the expected growth rate for the year according to the second section?

• Around 4%

• Below 5%

• Around 6%

• Above 7%

What is the main focus of policymakers according to the second section?

• Tightening monetary policy

• Implementing large-scale stimulus

• Reducing reliance on foreign supply

• Increasing short-term growth

What is one of the main reasons for high youth unemployment?

• Lack of jobs in the manufacturing sector

• High demand for services sector jobs

• Increased reliance on foreign workers

• Mismatch between graduates' skills and job demand

What percentage of total employment does the 16 to 24 age group represent?

• 11 to 12%

• 9 to 10%

• 7 to 8%

• 5 to 6%