Yuan Seen at 7.5 Per Dollar in 2019, RBC Capital's Trinh Says

Yuan Seen at 7.5 Per Dollar in 2019, RBC Capital's Trinh Says

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Interactive Video

Business

University

Hard

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The video discusses the economic challenges facing China, focusing on the potential impact of breaking the 8 mark in the Dollar China exchange rate. It highlights the trade war with the US and China's growth-at-all-cost strategy, which includes questionable banking measures and significant credit risks. Despite stable FX reserves, the video suggests that the RMB faces negative pressures. The discussion also covers the fading credit impulse and the limited impact of recent stimulus measures, with a pessimistic outlook for China's economy.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What implications does the current state of the Chinese stock market have on the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest about the future economic conditions in China?

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