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The John Batchelor Show

#PRC: No confidence. Charles Ortel of the On the Money with Charles Ortel podcast. @GordonGChang, Gatestone, Newsweek, The Hill:

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 13 April 2023

⏱️ 9 minutes

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@Batchelorshow
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#PRC: No confidence. Charles Ortel of the On the Money with Charles Ortel podcast. @GordonGChang, Gatestone, Newsweek, The Hill:
https://www.washingtonexaminer.com/policy/defense-national-security/imf-china-currency-risk-financial-system


Transcript

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0:00.0

This is CBS I In The World.

0:07.0

I'm John Batch with my colleague and friend Gordon Chang.

0:10.4

A headline tells the story.

0:13.2

China's currency could create risk for financial system according to the IMF lead paragraph.

0:21.0

China's currency stands to quote be more predominant in international transactions and quote in

0:27.0

the years to come, according to the International Monetary Fund, raising potential risks for

0:32.5

global markets, the quote from the IMF Financial Counselor Tobias Adrian.

0:38.7

It is about the regulation and the plumbing of the financial system.

0:43.0

To the extent that institutions are well regulated and are well governed, do you know financial

0:48.2

stability risks should be contained.

0:51.5

We welcome Charles Ortell, Charles of On the Money with Charles Ortell, who's been traveling

0:57.2

and so Charles, welcome home.

0:59.6

IMF suddenly realizes there's risks in China.

1:04.3

Is this fresh news or is this something that's just current and we'll forget about it.

1:10.0

We know about the military risks.

1:12.8

We know about the human rights risks.

1:15.0

What about the currency risk?

1:16.0

Good evening to you, Charles.

1:18.2

Good evening, John and I, Gordon.

1:19.6

Well, I think we're on with one of the world's living experts on China who has been pointing

1:23.8

out the risks there for decades.

1:26.0

Certainly, China is not regulated properly.

...

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