No One Is Prepared for a Trade War, Says ING Bank's Pang

The video discusses the implications of trade wars and tariffs, focusing on China's preparedness and the global economic impact. It highlights the role of currency depreciation and the UN's limitations in addressing trade tariffs. The analysis also covers the decline of the renminbi against the dollar and other currencies, emphasizing the influence of trade and investment news.

What is the main reason the UN cannot alleviate the pressure of trade tariffs?

• Currency depreciation can fully offset tariffs.

• Trade tariffs are a market-driven policy.

• Trade tariffs are an administrative policy.

• The UN lacks the authority to intervene in trade matters.

Why is China considered more prepared for a trade war compared to other countries?

• China has stronger trade agreements.

• China has preemptive monetary policies.

• China has a more diversified export market.

• China has a larger economy.

What is a potential consequence of a full-fledged trade war?

• Stabilization of global economies.

• Shrinkage of global trade volume.

• Increase in global trade volume.

• Strengthening of the yuan.

What has been a recent observation about the yuan's performance?

• It is unaffected by trade wars.

• It is strengthening against a basket of currencies.

• It is only falling against the dollar.

• It is falling against both the dollar and a basket of currencies.

Why is the currency basket not considered a reliable guideline?

• It is a passive basket not actively managed.

• It is actively managed by the PBOC.

• It only includes the dollar.

• It is not influenced by market prices.