Nomura's Zhao Says China's Growth Momentum Peaked in 1Q

The video discusses Beijing's opportunity to implement policy reforms as China's growth momentum peaks. It anticipates a gradual economic slowdown and highlights the importance of restructuring the shadow banking sector. The video also examines data insights, including FX reserves stabilization, and explores the role of capital controls in maintaining a stable trade surplus.

What is the current status of China's growth momentum according to the first section?

• It is expected to decline sharply.

• It is expected to remain constant.

• It has likely peaked in Q1.

• It is expected to accelerate significantly.

What is one of the key factors contributing to the stabilization of China's FX reserves?

• Increase in foreign investments

• Implementation of capital controls

• Decrease in trade surplus

• Rise in domestic consumption

What is the main reason behind the stable net flow of China's FX reserves?

• Decrease in exports

• Stable trade surplus

• Increase in foreign debt

• Increase in domestic spending

How has the depreciation of the U.S. dollar affected China's FX reserves?

• It has increased capital outflows.

• It has created a valuation effect.

• It has had no effect on reserves.

• It has led to a decrease in reserves.

What is the likelihood of China easing its capital controls according to the third section?

• Very likely in the near future

• Unlikely at this stage

• Already in progress

• Dependent on trade surplus