Cutting through an overload of information to get to the heart of the story.
This is The Point.
Sweeping policy support measures to boost the world's second largest economy.
On May the 7th, China unveiled a 10-point policy package aimed at enhancing market confidence,
boosting long-term liquidity and supporting innovation-driven growth.
The People's Bank of China, which is China's central bank,
cut its policy rate and reduced its reserve requirement ratio.
Additional measures were also announced to show up technological innovation,
consumer service and businesses impacted by U.S. tariffs.
Now China's economy grew by 5.4% during the first quarter of this year and value-added industrial output also expanded by 6.5% year-on-year.
Retail sales grew by 4.6%. in the first quarter pretty good results for that period of time Against the better-than-expected quarterly figures,
why is China rolling out these measures?
How will they affect the economy in the short to mid-term?
And how have markets reacted so far?
Welcome to a special edition of The Point with me, Liu Xin,
coming to you from Beijing to help us understand these points.
Joining me from Shanghai, Edward Tsir, founder and CEO of Kaofeng Advisory Company.
From Singapore, Louis Law, lead economist at Oxford...
and from Los Angeles William Lee chief economist and executive director at the Milken Institute welcome to the point to all of you let's start with the basis of China's economy for the first quarter mind you this is before the tariffs hit the numbers were pretty bright,
as I said.