Nomura's Ting Lu on China Growth Cut

The video discusses China's economic forecast, highlighting a reduction in growth expectations for Q2 due to the zero COVID strategy. It anticipates a recovery in the second half of the year. The zero COVID strategy impacts consumption, investment, and property markets, with uncertainty in economic recovery due to government responses. Policy support measures, including tax cuts and fiscal spending, face challenges due to lockdowns. The video also analyzes currency depreciation and economic slowdown, emphasizing the need for policy adjustments.

What are the expected growth rates for consumption and investment in the second half of the year?

How does the zero COVID strategy impact China's property markets according to the discussion?

What adjustments does the speaker anticipate the Chinese government will make regarding the zero COVID strategy?

What role do policy support measures play in the economic forecast discussed?

What factors are contributing to the expected depreciation of the Chinese currency?