Looking for Yuan to Go to 7.1 or 7.15 by End of Year, Says SocGen’s Lam

The video discusses the direction of the renminbi and the People's Bank of China's (PBOC) strategies to manage it. It covers the impact of trade tensions and potential tariffs on the currency's value, predicting a possible weakening. The PBOC's skillful management of capital outflows is highlighted, with a focus on their tools to prevent a downward spiral of currency depreciation. The PBOC aims to maintain flexibility while avoiding excessive outflows, using measures like countercyclical adjustments and offshore bills.

What expectations do traders have regarding the renminbi's value in the near future?

How does the current situation differ from the capital outflow concerns of a few years ago?