Breaking Down China's Economy

The transcript discusses the recent PMI numbers, highlighting concerns about subindices like production and new orders. It covers the revision of the GDP growth forecast for 2022 from 4.0% to 4.8%, driven by past data adjustments. The discussion also touches on policy easing, economic risks, and the challenges of fiscal policy and credit easing. The risks associated with local government financing and land sales are also explored, emphasizing the potential impact on fiscal revenue.

What challenges did the speaker mention regarding fiscal policy and its impact on the economy?

How are local government financing vehicles (LGFVs) currently affecting land sales?

What potential risks were identified regarding local government fiscal revenue in 2022?