talk about the latest developments in the trade berridge joins us an analyst at money foreign exchange specialist in london how would you describe beijing's currency moves.

rancor berridge the head of market analysis at monica thank you so much for sharing your insights with us. china gets ready to launch a new system for ranking businesses both foreign and domestic companies will be required to install surveillance cameras in their premises and share the data with the government they will also be rated on their tax record and compliance a system that has many firms but. a traffic light with facial recognition cross on red face a public shaming and loose social credit points in some chinese cities it's already a reality even those who sort their trash incorrectly have to reckon with point deductions in some places as well as the penalties for low scores like losing the right to ride the fast train the point system is scheduled for full implementation across china by the end of 2020 and it will also affect businesses. the new system will monitor whether businesses it here to customs regulations pay taxes pay off loans or follow environmental regulations those who flout the rules face point deductions experts warned that firms with bad scores could be hit w

talk about the latest developments in the trade warrego berridge joins us an analyst at monic sofar in exchange specialist in london how would you describe beijing's currency moves so i think what we're seeing really from the p.t.o. c. and chinese authorities in general this week is something of a warning shot the signal that is sending is really very simple firstly the yuan is no longer off the table in the event of a worsening in trade tensions secondly they're indicating quite clearly with the leaning against further weakness today that your forty's remain strictly in control of the currency that they have the resources to prevent what they see as a disorderly or excessive depreciation in the currency what if they lose control of the currency the market starts selling off too much you want to say. firstly there's no sign that that's the case and we saw that today the so-called fix against the dollar was it significantly below market expectations as a result of risk appetite really now in the event that they do lose control for whatever reason i think 2015 is a good example of what's

talk about the latest developments in the trade berridge joins us an analyst at money foreign exchange specialist in london how would you describe beijing's currency moves so i think what we're seeing really from the p.t.o. c. and chinese authorities in general this week is something of a warning shot the signal that this.