China's Economy Weakening But Not Collapsing, Economist Shearing Says

The transcript discusses China's economic measures in response to a slowing economy, including a proposed 50% cut in car tax and other fiscal and monetary policies. It highlights the impact of the trade war and the steps taken by the Chinese government, such as income tax cuts and easing monetary conditions. The discussion also covers potential future strategies, including fiscal loosening and currency adjustments, to manage economic pressures.

What is the current state of the Chinese economy according to the text?

What potential actions could the Chinese government take if the economic situation worsens?