Economists Cut China Growth Forecasts for 2023, 2024

The video discusses China's GDP growth forecasts for 2024 and 2025, highlighting concerns as growth dips below 5%. Inflation is weaker than expected, with CPI at 0.9% year-over-year. The Chinese government is not expected to implement significant stimulus measures, despite weaker economic data. A survey of economists shows mixed opinions on the impact of President Biden's trips to China on easing tensions.

What is the forecasted GDP growth rate for China in the first quarter of next year?

• 4.3%

• 5.2%

• 4.8%

• 5.0%

How does the current CPI year-over-year compare to the previous forecast?

• It is not mentioned.

• It is higher than expected.

• It is lower than expected.

• It remains unchanged.

What is the expected change in the medium-term lending facility rate?

• Decrease by 10 basis points

• Increase by 25 basis points

• Increase by 10 basis points

• No change

What is the expected cut in the triple R?

• No change

• 15 basis points

• 25 basis points

• 10 basis points

How do some economists view President Biden's trips to China?

• As a significant boost to economic relations

• As worsening tensions

• As having no impact

• As easing tensions