Societe Generale: No Major Changes to China PMI

The transcript discusses the market outlook for the RMB and USD, highlighting the impact of dollar weakness and euro strength. It examines inflationary trends and their effect on CPI, noting a potential rise in consumer demand. The discussion also covers currency strength, policy implications, and the tolerance for yuan appreciation. Finally, it addresses the risks of asset bubbles and economic concerns, including the deleveraging campaign and systemic risks in China.

What factors are expected to drive the story of the RMB's performance this year?

How does the relationship between PPR and CPI impact economic expectations?

What is the expected trend for consumer demand in China as the outbreak is controlled?

What are the implications of a potential jump in CPI for economic recovery?

How might policymakers respond to the strengthening of the yuan?

What are the concerns regarding systemic risks in the Chinese market?

What are the potential risks associated with the acceleration of growth momentum in China?