ANZ's Wang on China's National People's Congress Preview

The video discusses China's economic growth target, emphasizing the importance of policy intentions and the impact of the zero COVID policy on consumption and services. It explores China's strategy of using infrastructure investment to maintain growth momentum while managing debt. The discussion also touches on the potential future downplaying of GDP growth targets as China focuses on economic stability and reforms.

What are the expected growth targets for China this year, and what do they reflect about the government's priorities?

How has the zero COVID policy impacted China's consumption and services sectors?

What are the implications of local government financing vehicles on debt burdens and the deleveraging campaign?

In what ways is the current approach to infrastructure investment different from past strategies in China?

Discuss the potential long-term trends regarding the importance of growth targets in China's economic policy.