PBOC Pledges to Use Policy Tools to Spur Recovery

The video discusses the recent measures by the People's Bank of China (PBOC) to support the economy, including interest rate cuts. It questions the effectiveness of these measures due to low credit demand and concerns about companies using borrowed funds to pay off existing debt. The discussion shifts to China's broader economic options, including upcoming data releases and potential fiscal policy actions. A key focus is on the central government's role in managing local government debt to stimulate economic activity.

What is the expected impact of the upcoming data releases on the economy?

How might the central government address the high level of debt at the local government level?