Yuan Could Weaken Another 10% From Here, Allianz GI's Dwane Says

Yuan Could Weaken Another 10% From Here, Allianz GI's Dwane Says

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Interactive Video

Business, Social Studies

University

Hard

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The video discusses the Dollar Yuan exchange rate and its potential impact on market volatility. It highlights the differences between onshore and offshore Renminbi, noting that the offshore Renminbi is a small part of the monetary base. The discussion also covers the Chinese government's control over capital flows and the implications of these controls on the economy. Finally, it addresses China's economic growth, suggesting that while China may report a 6% growth, the global perception may be much lower, affecting countries like Taiwan, Australia, and luxury goods companies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures has the Chinese government taken regarding capital flows?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

According to the speaker, how will China's growth perception affect the global economy?

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