China Looks to Surprise World With Reforms in 2018

The transcript discusses the current political and economic situation in China, focusing on the lack of immediate reforms and the consolidation of power in Beijing. It highlights the challenges posed by currency strength and interest rates, particularly in relation to the US Federal Reserve's plans for 2018. The People's Bank of China (PBOC) faces a dilemma with only unfavorable options, either following the Fed's lead or facing significant economic pressures. The discussion concludes with the PBOC's strategic considerations in December.

What potential consequences does the speaker mention if the PBOC does not follow the Fed's actions?

What does the speaker suggest about the future of annual growth projections in China?