Citigroup's Liu Says China's Economy Has Stabilized

The transcript discusses China's economic outlook, highlighting a strong first half performance that suggests the country could surpass its 6.5% growth target for the year. The economy has stabilized, driven by robust fiscal policies, while monetary tightening has had limited impact. The growth is largely credit-driven, with significant contributions from infrastructure and property investments, as well as net exports. However, there are concerns about rising CPI inflation due to severe flooding affecting food prices, though it remains below the government's 3% target.

What factors are contributing to the strong economic growth in China?

How might the tightening of monetary policy affect the real economy?

What role does infrastructure investment play in the current economic growth?

What are the potential risks associated with the current economic recovery?

In what ways could CPI inflation impact the economy in the second half of the year?