China Factory Momentum Gains in June

The video discusses China's economic growth, highlighting improved trade and export numbers, the highest in five years. It covers corporate performance, with companies paying off debts and increasing profits. The nonmanufacturing PMI numbers also show strength. The yuan is experiencing its largest quarterly gain in nine years, impacting currency management and deleveraging efforts by the PBOC. The video also touches on the political and economic stability measures in place ahead of China's party Congress, with a focus on maintaining stability and managing the reflation trade.

What impact does the PMI number have on policymakers in terms of interbank rates?

What is the significance of the upcoming party Congress in relation to economic stability?