NatWest Markets' Liu on China's Economy, Covid Impact

The transcript discusses the economic impact of Guangdong and Jillian, highlighting their contributions to China's GDP and car output. It examines the current lockdown's scale and potential policy responses, including aggressive easing by the PBOC. Credit expansion's role in economic recovery is analyzed, noting uneven growth. Challenges in economic activity and transmission mechanisms are explored, particularly in the property sector. Finally, the transcript covers deleveraging policies and future economic expectations, suggesting a marginal easing to offset growth pressures.

What challenges are being faced in the property sector according to the text?

What is the current state of the monetary transmission mechanism as described in the text?