Haibin Zhu, a prominent authority on China's economic policy, joins to explore the nation's mounting economic challenges. Disappointing activity data has led to a reduced GDP growth forecast of 4.6%, sparking discussions about the difficulties of maintaining growth targets. Zhu highlights entrenched deflation and a struggling housing market, where past strategies now falter. The podcast also delves into the complexities of private investment amidst regulatory shifts and the impact of declining exports on both local and global economies.

Explore China's economic outlook for 2024, including challenges in the housing market and predictions for inflation trends. Dive into China's shift to high-quality growth and its global implications, as well as the evolving role in global supply chains and how multinational companies are adapting to market dynamics.

Haibin Zhu, Chief Economist for China at J.P. Morgan Global Research, shares his insights on China's recent policy changes. He discusses the imminent 2 trillion yuan fiscal stimulus package and its implications for economic growth. The conversation also examines the challenges in the housing market, highlighting high inventory levels and declining prices. Zhu emphasizes the critical need for effective policies to support the vulnerable real estate sector and stimulates growth, while considering how external factors might influence China's economic trajectory.