China Vows to Use Monetary Policy Tools at Appropriate Time

The transcript discusses the State Council meeting chaired by Premier Li Keqiang, focusing on economic measures like the MLF and boosting consumption. It highlights the impact of the pandemic on tourism and growth targets. The POC's draft stability fund aims to support troubled financial firms, with efforts to raise significant funds for rural banks and developers. The challenges of containing the outbreak in Shanghai are explored, emphasizing the city's high population density and connectivity, which pose risks of further lockdowns.

What measures are being discussed by the State Council to boost consumption in light of recent economic data?

How has the lockdown in Shanghai affected the government's growth target?

What challenges are faced in containing the outbreak in Shanghai compared to other cities?

What is the significance of the population density in Shanghai regarding the spread of Omicron?

What potential risks are associated with the ongoing lockdowns in Shanghai?