Vanguard MD and Asia Pacific Chief Economist on China's Economy

The video discusses the economic slowdown in China due to the delta outbreak and policy tightening, particularly affecting the real estate and energy sectors. It highlights the impact on consumption, with retail and housing sales slowing down. The potential for further RRR cuts and targeted monetary measures by the central bank is analyzed, focusing on liquidity injection to support specific sectors. Recent actions by the PBOC, including MLF and reverse repo operations, are also covered, emphasizing the need for targeted support for SMEs and green investments.

What measures does the speaker expect the Central Bank to take in response to economic conditions?

What is the significance of the recent MLF conducted by the PBOC as mentioned in the text?