Under the Banyan Tree - China's urbanisation 2.0

Under the Banyan Tree - China's urbanisation 2.0

From HSBC Global Viewpoint by HSBC

June 5, 2026 · 14 min

About this episode

Chief China Economist Jing Liu discusses the impact of migrant workers' spending on China's GDP due to a new government policy.

Could spending by migrant workers move the needle for Chinese GDP? Chief China Economist Jing Liu says yes, thanks to a new government policy that broadens the social safety net. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/Sw9nZhh Stay connected and access free to view reports and videos from HSBC Global Investment Research follow us on LinkedIn https://www.linkedin.com/feed/hashtag/hsbcresearch/or click here: https://www.gbm.hsbc.com/insights/global-research

People in this episode

Guest: Jing Liu

Topics covered

  • urbanization
  • Chinese economy
  • migrant workers
  • social safety net
  • government policy

Keywords

  • China
  • urbanization
  • GDP
  • migrant workers
  • social safety net
  • government policy

Mentioned in this episode

Organizations: HSBC

Places: China

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