China's Stock, Currency Downtrend Will Persist for Now, Says Bocom's Hong

The video discusses the ongoing economic downtrend in China, affecting both currency and stock markets. It highlights the lack of positive catalysts and advises clients on risk control. The discussion also touches on political influences, trade friction, and the changing rhetoric in Chinese media, suggesting a more composed approach to trade issues.

What does the speaker mean by 'a battle ballot box in China' in relation to the stock market?

How is the Chinese government responding to trade friction according to the text?