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.

What is the current economic situation in China according to the video?

• China is on the verge of economic collapse.

• China is managing its economic challenges effectively.

• China's economy is shrinking rapidly.

• China has no economic problems.

How is New Zealand described in terms of its economic significance?

• An insignificant economy with no impact.

• A small but important economic indicator.

• A rapidly growing economy.

• A major global economic player.

What is China's long-term ambition regarding its currency?

• To become a regional currency.

• To replace the US dollar.

• To remain a local currency.

• To be a global reserve currency.

What is necessary for a currency to become a global reserve currency?

• A strong military presence.

• A large population.

• A trustworthy economy and system.

• High inflation rates.

Which countries are mentioned as being ahead of China in terms of having a trustworthy economic system?

• The US and many European countries.

• India and Brazil.

• Australia and Canada.

• Russia and Japan.