麦格里-中国-宏观经济-中国首席经济学家首次海外路演-20180125-4页

Pleaserefertopage2forimportantdisclosuresandanalystcertification,oronourwebsitewww.macquarie.com/research/disclosures.CHINALatestPublicationsDecdata:Thebeginningofdeleveragingtherealeconomy,19Jan2018Fivesurprisesin2017andthreequestionsfor2018,4Jan2018TakeawaysfromtheCEWC:Curbingriskstopspriorities,21Dec2017Feedbackfromrecentmarketing:Sentimentturningevenbetter,5Dec2017Analyst(s)LarryHu,PhD+85239223778larry.hu@macquarie.com25January2018MacquarieCapitalLimitedChinamacroFirstoverseasroadshowforChiefEconomistofChina?LiuHe,whowillbeChina’stopeconomicpolicymakeroverthenextfiveyears,gavehisfirstpublicspeechoverseasonWednesdayatDavos.?WhoisLiuHe?:MrLiuHehasbeenviewedasPresidentXi’stopeconomicadvisorsince2013,whenXiintroducedhimas“veryimportanttome.”Heisalsoseenasthedesignerofthesupply-sidereformsthatwereint