What is the current stance of the Chinese Government regarding the currency's valuation?
China’s June FX Reserves Rise to Highest Since April 2018
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Business, Social Studies
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University
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Hard
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The video discusses the impact of capital inflows and valuation effects on the Chinese yuan, highlighting China's economic stability with reserves climbing to 3.119 trillion in June. Despite concerns of capital outflows due to US-China trade tensions, more inflows were observed. The trade war is unlikely to have a quick resolution, as Beijing demands the removal of all tariffs for a deal, with no set timeline for negotiations.
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What did Larry Kudlow mention about the timeline for trade negotiations?
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