
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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