ADB's China Head Sees Economy Stabilizing

The video discusses the structural and cyclical factors impacting economic growth, highlighting the effects of monetary and fiscal policy tightening. It explains the adjustments made to balance these policies with budget stimulus, leading to economic stabilization. Growth projections are expected to be between 6% and 6.5%. The video also examines the increase in visible debt and potential financial risks, suggesting that formalizing the debt picture could be beneficial.

What are the implications of increasing debt to GDP ratios for local governments in China?

In what ways might the visible debt differ from the invisible debt in China's financial system?