Taking Stock of China’s Economy

The Chief China Economist at UBS Global Wealth Management discusses the current economic situation in China, highlighting weaker-than-expected PMI data and ongoing pressure on the manufacturing sector. The conversation covers the impact of export data, investment, and retail sales on the economy, with expectations of continued economic slowdown. The economist also provides insights into market outlooks, particularly in light of Sino-US talks, and discusses a shift towards a more defensive investment strategy, focusing on high-quality and structured growth sectors.

What is the current state of the PMI in China according to the economist?

• Unchanged from last year

• Stronger than expected

• Weaker than expected

• Exactly as expected

What is the expected trend for export data in China?

• Significant deceleration

• Unpredictable fluctuations

• Stable growth

• Significant acceleration

How did the economist describe the economic data for March?

• A surprising stabilization

• An expected growth

• A significant decline

• A minor fluctuation

What is the economist's stance on the Sino-US talks?

• They will likely end soon

• They will continue without immediate breakthroughs

• They have reached a breakthrough

• They are not affecting the yuan

In light of the current economic data, what investment strategy is being adopted?

• Complete market withdrawal

• Aggressive growth

• Defensive equities and structured growth

• Risky ventures