Shanghai Covid Cases Hold Below 10,000

The video discusses the impact of COVID-19 on China, highlighting the decrease in cases but continued restrictions in cities like Shanghai and Beijing. Despite policy measures, economic growth remains a concern due to the zero COVID strategy, which restricts movement and spending. The video also covers economic data, such as PMI numbers, indicating challenges like supply chain bottlenecks and potential negative growth.

What is the main reason for the ongoing restrictions in Shanghai despite a decrease in COVID-19 cases?

• To boost economic growth

• To maintain the zero COVID strategy

• To prevent manufacturing bottlenecks

• To ensure political stability

What is the primary concern of Nomura economists regarding China's economy?

• The development of the pandemic and zero COVID strategy

• The impact of new policy measures

• The increase in consumer spending

• The rise in manufacturing output

What is the expected impact on China's economy if the zero COVID strategy continues?

• Stability in economic data

• Increase in foreign investments

• Negative growth in the second quarter

• Rapid economic growth

What was the consensus estimate for the services PMI number, and how did the actual number compare?

• Estimate was 41.9, actual was 50

• Estimate was 46, actual was 41.9

• Estimate was 50, actual was 46

• Estimate was 50, actual was 41.9

What has been the effect of supply chain bottlenecks on inventories in China?

• Inventories have risen to the highest level in over a decade

• Inventories have been unaffected

• Inventories have remained stable

• Inventories have decreased significantly