Beijing Must Adapt to Abenomics

What economic effect is associated with the yen-renminbi relationship discussed by David Goldman?

• Abenomics

• Trade War

• Brexit

• Quantitative Easing

What was China's major mistake in its currency strategy according to the discussion?

• Pegging to the euro

• Switching to a gold standard

• Maintaining a dollar peg during a rising dollar

• Adopting a cryptocurrency

What is the main problem faced by the People's Bank of China as mentioned in the discussion?

• Lack of technological infrastructure

• High inflation rates

• Inexperience in handling currency fluctuations

• Over-reliance on foreign investments

Why are Chinese stocks considered undervalued according to the discussion?

• Uncertainty in Chinese monetary and regulatory policy

• Lack of innovation

• High interest rates

• Excessive foreign debt

What must Chinese authorities demonstrate to regain investor confidence?

• Reduction in military spending

• Focus on technological advancements

• Commitment to environmental policies

• Ability to regulate a free market