China Trade Balance Partially Sentiment Driven, Says NatWest’s Liu

The video discusses the positive market sentiment following the US-China phase one trade deal, highlighting a moderate recovery in trade and a confidence boost. It examines the global economic outlook, noting better-than-expected PMI data and a sentiment-driven recovery. The discussion also covers uncertainties in corporate investments due to potential US-China trade tensions and the impact of deleveraging policies. Challenges faced by local governments in financing infrastructure projects are addressed, along with GDP forecasts for 2020, which predict a gradual slowdown in China's growth with potential upside risks if trade relations improve.

What challenges are local governments facing in carrying out infrastructure projects?

What are the expected GDP growth rates for China in 2020, and what factors could influence this?