Summary: Today was a great opportunity to work with Kelly on her new show, along with my old friend Steve Liesman, to discuss the Chinese GDP report and the likely impact of China announcing it will increase the purchase of U.S. imports through 2024. You can see a video of the discussion by clicking here or by clicking on the image below. Note: I was not able to talk about it on the show today, but tomorrow I will give a private briefing in the White House. Will post a note on the topics I raised later this week.
I have also copied scans of the notes I used during the discussion to give you an idea of the things I was thinking about before the show. As you can see, I am especially concerned about the worsening credit shortage for private Chinese companies and am skeptical that recent PBOC measures will solve the problem.
JR
