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Jens Nordvig - Live Q&A: Lifting the Lid on China's Economy

Opto Sessions – Invest in the Next Big Idea

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What's the Net Impact to US Inflation of the China Reopening Trade?

Jens Weidmann: I think there's sort of shorter term effects like the next three to six months, and then there's some longer term consideration. So in the short term, the simplest transmission mechanism is through commodity prices. And we've already seen copper prices have bounced fairly significantly, including today. What we have not seen yet is the most important commodity, i.e. crude oil,. Narrow for oil is like a 10% range, right? But we've been not been breaking out to the top side yet despite the very significant reopening push that we've seen. That would be something they'll be watching very closely.

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