Trump's Huawei Ban Is a `Watershed Moment' for China: Economist

The video discusses the changing media and political rhetoric in China, focusing on Huawei's role as a national champion. It analyzes the prospects of a US-China trade deal, considering recent escalations and the G20 meeting. UBS provides insights on the likelihood of resolving the trade dispute, highlighting the probability of prolonged tensions. The stability of the renminbi and market forces are examined, with a focus on currency management and potential risks. The video concludes with a discussion on the financial risks of renminbi depreciation and the Chinese government's ability to manage escalating tensions.

What is the significance of the G20 meeting in Osaka in the context of US-China trade relations?

In what ways are the Chinese authorities attempting to maintain stability in their currency amidst trade negotiations?