China Considers Dropping Numerical GDP Growth Target for 2020

The transcript discusses the economic situation in China, focusing on the decision to drop GDP targets due to uncertainty. Policymakers are shifting their focus to employment stability and potential growth. The discussion includes expectations for economic recovery, stimulus measures, and fiscal policies, including government bond issuance. The emphasis is on providing income assistance to the unemployed and addressing infrastructure needs.

What is one of the main challenges for local governments in Beijing regarding GDP targets?

• Reducing employment

• Increasing taxes

• Dropping numerical targets

• Increasing GDP targets

What type of economic recovery is expected in China according to the transcript?

• U-shaped recovery

• L-shaped recovery

• V-shaped recovery

• W-shaped recovery

What is a significant concern mentioned in relation to April trade data?

• Decrease in import tariffs

• Stability in trade balance

• Increase in export orders

• Deeper contraction in trade

What fiscal measure is expected to be increased to 3.5% of GDP?

• Inflation targets

• Fiscal deficit targets

• Corporate tax rates

• Interest rates

What is emphasized as a crucial point in the fiscal stimulus discussion?

• Decreasing infrastructure investment

• Providing income assistance to the unemployed

• Reducing government spending

• Increasing export tariffs