Why BNP Paribas’s Lo Sees Yuan at 6.65 by Year-End

The video discusses a contrarian perspective on the RMB, suggesting potential appreciation due to China's current account surplus and strong portfolio inflows. It argues against the anticipated deficit, highlighting effective capital controls and stabilization in Chinese sentiment, which reduce capital outflows. The balance of payments surplus is expected to support the RMB's strength.

What is the teacher's contrarian view regarding the RMB's movement?

What factors contribute to the expectation of a current account surplus for China this year?

How does the teacher believe portfolio inflows will affect the Chinese economy?

What concerns are raised about capital flight in relation to the RMB?

What is the teacher's perspective on the effectiveness of capital controls in China?