Haibin Zhu

Haibin Zhu, Chief China economist at J.P. Morgan, and Ayako Fujita, Chief Japan economist at J.P. Morgan, discuss the recent temporary roll-back of tariffs between the U.S. and China and its effects on Asia's economies. They explore the potential permanence of this truce and the implications for trade with Japan and Korea. The conversation dives into the complexities of trade negotiations, currency accords, and the Bank of Japan's monetary policy, highlighting regional challenges and cautious optimism for recovery amidst geopolitical tensions.

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.