Have we passed ‘peak China’? (and might a big fall in the RMB be on the horizon?)
Asian Economies, The Global Economy | 11th July 2024
Saul’s presentation to the annual International Conference of Commercial Bank Economists in Toronto, Canada, in July 2024, looks at the long-term slowdown in China’s economy, driven by a combination of inexorable demographic factors and policy inertia. It also explores whether a sharp decline in China’s currency, the renminbi, might be on the horizon, either as a the result of an ‘accident’, or deliberately engineered in response to the tariff policies of a re-installed Trump Administration.