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11min chapter
Richard Koo and Zichen Wang on What Just Happened in China
Odd Lots
China's Economic Policy Shift and Its Implications
This chapter examines a recent policy shift in China, emphasizing new guidance from the Politburo amid economic challenges. It discusses the effectiveness of monetary easing and the need for fiscal intervention in light of a significant contraction in bank lending. The conversation highlights the complexities of governance in China and how recent monetary measures may not suffice without direct government action to revitalize consumption.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode