This is a video by Phillip securities giving their views on China
- China heavily dependent on exports, hence with present economy slump, its economy will be affected
- They have lifted the credit quota of banks in China and hence encourage banks to lend more. This is a better way to boost lending than decreasing interest rates.
- Government trying to boost internal consumption in order to grow the economy
- This is done so by lowering the housing prices and medical care, as currently these are very high, indirectly casuing their citizens to save more and spend less