Manulife Investment’s Trinh Expects Gradual Depreciation of Yuan Versus U.S. Dollar

The video discusses the People's Bank of China's (PBOC) reluctance to inject more stimulus into an economy burdened with debt, highlighting the limited impact of its actions. It compares China's current credit intensity with past economic cycles, noting a significant increase since 2008. The discussion also covers expectations for the RMB's depreciation against the US dollar and the need for structural reforms to boost China's economic growth. Despite challenges, selective investment opportunities in China are identified.

In what ways has the narrative of rebalancing the Chinese economy towards consumerism failed?

What considerations should investors take into account when evaluating the Chinese market?