Schmieding: We Watch China Closely, It Has Problems

The video discusses the economic situations of China and New Zealand, highlighting China's stability despite challenges and its ambitions to become a global reserve currency. New Zealand is seen as a minor economic indicator. China's economic management and its potential to support the global economy are explored, along with the challenges it faces in becoming a trustworthy global reserve currency.

Discuss the implications of capital inflows and outflows in China's economy.

What factors contribute to the trustworthiness of a currency as a global reserve?