Yuan to Keep Falling as China Current Account 'Collapsed,' CBA Says

The video discusses the state of emerging markets, particularly focusing on currencies in Asia, which are in a strong position due to current account surpluses and economic growth. It then shifts to the dynamics between the RMB and USD, highlighting the impact of interest rate spreads and China's reduced current account surplus. The discussion concludes with an analysis of the PBOC's countercyclical measures and their limited long-term impact on RMB depreciation.

What challenges does China face in attracting foreign investment, according to the text?

Discuss the potential impact of the PBOC's countercyclical measures on the RMB's value.