Happy Wednesday from frigid DC. As expected there has been a flurry of analyses of Xi's bookshelf, and some of the interesting findings are discussed below. The RMB hit a 20 month high Wednesday. I have no clue where it goes next but clearly the capital controls have worked and a weak US dollar is helping. Will sentiment towards the RMB shift enough to relieve outflow pressures, or would there be another rush for the exits if Beijing relaxed some of the rules again?
Xi's Bookshelf; Dialogue and Buttons; No Ma-…
Happy Wednesday from frigid DC. As expected there has been a flurry of analyses of Xi's bookshelf, and some of the interesting findings are discussed below. The RMB hit a 20 month high Wednesday. I have no clue where it goes next but clearly the capital controls have worked and a weak US dollar is helping. Will sentiment towards the RMB shift enough to relieve outflow pressures, or would there be another rush for the exits if Beijing relaxed some of the rules again?
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