SocGen's Wei Sees More Depreciation Pressure on the Yuan

The video discusses the ongoing discussions about the yuan, focusing on the potential weaponization of the currency and its implications. It highlights the impact of divergent monetary policies between the PBOC and the Fed, as well as the influence of trade tensions on the yuan's stability. The discussion also covers the potential effects of the trade war on China's reform agenda and economic outlook, emphasizing the importance of maintaining reform momentum to ensure long-term growth.

What is the speaker's view on the effectiveness of capital controls in the current context?

What does the speaker suggest would be more damaging to China's long-term prospects?