Nomura's Zhao Says China's Growth Momentum Peaked in 1Q

The video discusses Beijing's opportunity to implement policy reforms as China's growth momentum peaks. It anticipates a gradual economic slowdown and highlights the importance of restructuring the shadow banking sector. The video also examines data insights, including FX reserves stabilization, and explores the role of capital controls in maintaining a stable trade surplus.

What factors contribute to the stability of China's trade surplus?

In what ways might the depreciation of the U.S. dollar affect China's FX reserves?