China Will Continue to Stimulate the Economy, Says Aberdeen's Milligan

The video discusses the potential for China's renminbi to break past seven against the dollar, highlighting the economic challenges China faces, including the need for fiscal and regulatory policies. It explores the evolving US-China relationship, moving beyond trade to broader geopolitical issues, and the implications for global markets. The discussion includes the potential for cooperation and competition between the two powers, with references to the Thucydides trap and the influence of hawkish elements in both countries.

What economic tools can China use to stimulate its economy according to the first section?

• Currency devaluation

• Only monetary policy

• Fiscal, monetary, and regulatory policies

• Trade tariffs

What is the significance of the renminbi potentially breaking past seven against the dollar?

• It shows a stable Chinese economy

• It reflects China's economic challenges and global market implications

• It indicates a strong US economy

• It suggests a decrease in trade tensions

What does Vice President Pence's speech suggest about the future of US-China relations?

• A complete breakdown of communication

• An improvement in diplomatic ties

• A shift towards a more competitive and adversarial relationship

• A focus solely on trade issues

What is the Thucydides Trap, as mentioned in the final section?

• A diplomatic negotiation tactic

• A trade agreement between two countries

• A potential conflict between a rising power and an established power

• A strategy for economic growth

How are the US and China described in terms of their global relationship in the final section?

• As indifferent neighbors

• As hegemonic rivals

• As economic partners

• As close allies