China's Uncertain Currency Situation

Russell Clark of Horseman Capital explains to Roger Hirst why the Chinese are in a sticky currency situation. Clark argues that as the global economy sputters and the trade war rages on, there is a risk that the Chinese authorities will be pushed to further devalue the renminbi. This clip is excerpted from a video published on Real Vision on July 11, 2019 entitled “Will Chinese Devaluation Be the Black Swan.”