China Economist from Orient Capital Research on NPC Meeting

The transcript discusses China's economic strategy under Xi Jinping, focusing on the preference for hard tech over soft tech, regulatory crackdowns on large tech firms, and the allocation of capital towards semiconductors. It highlights the political influence on economic decisions, concerns over local government debt, and the potential risks of treating tech industries as utilities. The discussion also touches on the challenges of boosting consumption amidst declining exports and the implications of political appointments on economic policy.

What are the concerns regarding the investment in semiconductors in China?

How does the current economic strategy in China conflict with the goal of boosting consumption?

What does the term 'animal spirits' refer to in the context of China's economic policies?