China Prepares for Worst on Trade

The transcript discusses Beijing's skepticism towards President Trump's reliability, citing his inconsistent statements about China. It highlights China's cautious approach to trade negotiations, emphasizing their reluctance to make concessions without tariff removal. The transcript also covers the Yuan's significant depreciation against the US dollar, with predictions of further decline. Despite this, the PBOC has been fixing the currency stronger than expected, indicating concerns about capital outflows.

What was the reaction of Chinese officials to President Trump's comments at the G7?

• They expressed trust in his statements.

• They believed a trade deal was imminent.

• They viewed him as unreliable.

• They confirmed a phone call with the US.

What is one of the conditions China insists on for a trade deal?

• Reforming state-owned enterprises

• Increasing tariffs on US goods

• Removing all tariffs

• Reducing agricultural purchases

How is China preparing for a potential no-deal scenario?

• By reducing agricultural imports

• By preparing additional economic stimulus

• By canceling talks with the US

• By increasing tariffs on US goods

What has been the trend of the Chinese Yuan in August?

• It has been stable against the US dollar.

• It has appreciated significantly.

• It has been on a downward trajectory.

• It has remained unchanged.

What action has the PBOC taken regarding the Yuan's value?

• They have allowed it to depreciate freely.

• They have fixed it stronger than expected.

• They have pegged it to the Euro.

• They have devalued it intentionally.