Pinpoint's Zhang on China's PMI

The transcript discusses the strong economic recovery, driven by the removal of COVID policies and increased credit supply. It highlights the impact of new government policies and potential decentralization on economic efficiency. The manufacturing and service sectors are expected to grow, with short-term inflation concerns. The future economic outlook depends on government policy, with potential risks from geopolitical issues and policy mistakes.

What role does the service sector play in the economic recovery?

How might the new government's policy agenda affect economic momentum?

What are the potential downside risks to the GDP forecast mentioned?