Specialist
Chief Economist & Head of Think Tank Project & General Manager of Beijing Research at East Hope Group Co Ltd
Agenda
- China’s GDP growth slowdown and tax reduction’s impacts on central government’s fiscal expenditure, plus impacts on China’s 2020 macroeconomy brought by requirement reserve ratio cut of People’s Bank of China and pork price inflation
- Status quo of China’s local government debt, plus impacts of US dollar devaluation together with inflation and deflation of consumer goods in China
- The 2019 novel coronavirus outbreak – impacts on China’s 2020 macroeconomy and various market segments
Questions
1.
Can you compare the impacts from severe acute respiratory syndrome (SARS) in 2003 with those from the COVID-19 on China’s macroeconomy by industries?
2.
Against the background of GDP growth slowdown and tax reduction, the fiscal revenue has increased significantly. Can you explain the reason for that? What do you think is the focus of fiscal expenditure in 2020?
3.
What are the purpose and impact of the requirement reserve ratio cut of People’s Bank of China? How can the requirement reserve ratio cut help avoid price increase, with the price of meat, eggs and milk continuing to rise?
4.
The US dollar has been devalued for several times. What is the impact of the devaluation on the overall economic development in China and in the world?
5.
You said that there is still room for interest rate cut. However, China is encountered with inflation and deflation at the same time. If the central bank cuts the interest rate in the future, will this move aggravate inflation and deflation? Can you elaborate on China’s inflation and deflation?
6.
In 2019, China’s consumption, investment and export all slowed down to an extent. Among the three major economic growth drivers, which do you think the Chinese government will prioritise to promote its economic growth in 2020?
7.
Could you predict China’s overall infrastructure construction situation in 2020 and the relevant measures it will take?
8.
Could you recap on the impacts of the China-US trade and its overall trend in 2020 on China’s economy especially its export?
9.
In 2019, many enterprises opened factories or transferred the main businesses from China to other countries. Will there be fewer enterprises do so in 2020? Will the situation improve in 2020?
10.
If China is about to transform and expand domestic demand, what industries will have advantages?
11.
In 2019, prominent problems arose on some provinces’ local government debts. What are the measures to address those problems? How will the central government involve and keep them operating normally?
12.
What is the potential for the central government to raise leverages?
13.
Will related Chinese cities and provinces under local debt pressure pull up the housing prices in 2020 for releasing the pressure?
