We asked Hayden Briscoe, Head of Asia Pacific Fixed Income some difficult questions on the challenges of investing in China.
Additionally, too much attention is placed on the CNY/USD relationship, when what investors should be looking at is the relationship between the RMB and the CFETS basket – a trade-weighted basket on currencies, where the RMB has been trading in a relatively tight range in the past couple of years.
I'd also say you need to look at the RMB with a long-term view. Trends like opening onshore markets to international investors, creating oil contracts in RMB, joining the IMF SDR currency basket are all part of internationalizing the RMB, and that's a trend that investors shouldn't ignore.
Hayden also answers questions on data from China’s government, reforms and debt levels.
Perspectives matter. Tune in to our insights.