CICC's Zhang on China's Economy

The video discusses China's economic recovery post-COVID-19, highlighting rapid growth in service consumption and predicting a 5.5% economic growth in 2023. It addresses challenges in the property market, with ongoing slumps in home sales and prices. Government measures to support the housing market are detailed, including mortgage rate cuts and improved financial conditions for developers. Consumption is emphasized as a key economic driver, supported by excess savings and improved income expectations. The video concludes with a positive outlook on investment resilience and property market recovery.

What was the predicted economic growth rate for China in 2023?

• 4%

• 5.5%

• 6%

• 7%

What is one of the main reasons for the slow recovery of the Chinese housing market?

• COVID-19 impact

• High interest rates

• Lack of government support

• Overproduction of homes

Which measure has China taken to support the housing market?

• Increased interest rates

• Reduced construction permits

• Cut mortgage rates

• Increased property taxes

What is a significant factor affecting Chinese consumption in 2023?

• Increase in exports

• Access to excess savings

• Rise in unemployment

• Decrease in population

What is the biggest story for Chinese economic recovery in 2023?

• Export growth

• Consumption

• Technological advancements

• Government investments