China Exports May Be Weaker in 2019, ANZ's Wang Says

The video discusses the impact of CNY depreciation on China's exports, noting a potential boost in May. It also examines the decline in imports due to global commodity prices and reduced electronic imports. The video highlights government measures to support consumption, particularly in the auto sector, and the role of local governments in implementing economic policies.

What was one of the reasons for the contraction in China's imports?

• Decline in global commodity prices

• Strengthening of the CNY

• Increase in global commodity prices

• Rise in electronic imports

How did the CNY depreciation potentially affect China's exports in May?

• It had no effect

• It weakened the exports

• It helped boost the exports

• It caused a trade surplus

What sector did local governments focus on to support consumption growth?

• Agriculture

• Auto sector

• Textiles

• Technology

What is the significance of consumption to China's GDP growth?

• It is not significant

• It contributes less than 1%

• It contributes more than four percentage points

• It is the sole contributor

How do the current measures differ from previous ones regarding tax benefits?

• They are identical to past measures

• They leave decision-making to local governments

• They offer more tax benefits

• They are more centralized