China economists Haibin Zhu and Grace Ng join Nora Szentivanyi to discuss China’s policy easing measures to stabilize growth. Using 2015-16 as a benchmark, a more modest scale of easing this time around reflects a shift in focus to high-quality growth, as well as more limited room for fiscal and monetary stimulus. To stabilize 2024 growth the government will need to step up policy efforts, including more forceful measures to stabilize the housing market. However, in order to address the supply-demand imbalance in the economy, and support medium term growth, the policy bias will need to shift from supporting production to consumption and domestic demand.   This podcast was recorded on February 08, 2024. This communication is provided for information purposes only.  Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4615930-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.