Hui Shan, Chief China economist at Goldman Sachs, and Michael Pettis, Professor at Peking University, delve into China's economic landscape. They discuss the nuances of China's policy stimulus and its potential effectiveness against both domestic challenges and external pressures, such as U.S. trade policies. The conversation uncovers shifts towards consumption over infrastructure, critiques of manufacturing subsidies, and the impact of political dynamics, including potential tariffs from the U.S. The experts evaluate if these measures can truly revitalize China's sluggish GDP growth.

China's emergence from Covid lockdowns was expected to boost the global economy. But a string of disappointing data is giving investors, policymakers and market watchers a new reason to worry. Goldman Sachs Research’s Hui Shan, chief China economist, explains the drivers behind the outlook for the world’s second-largest economy. 

Hui Shan, the chief China economist at Goldman Sachs Research, unpacks the nuances of China's economic struggles. With a real estate downturn and wavering consumer spending, growth forecasts are being downgraded significantly. She highlights the complex relationship between real estate and consumer behavior, revealing potential long-term recovery challenges. The discussion also touches on China's strong export performance amid global slowdowns, while addressing risks from tariffs and trade wars that could shift global market dynamics.