China's Central Bank Seeks to Calm Markets with Support Pledge

The video discusses the limited economic measures announced by the PSC, including a small increase in the relending quota for coal production and support for the aviation sector. It highlights the ongoing mass COVID-19 testing in Beijing and concerns about potential lockdowns. The video also analyzes the yuan's market dynamics, focusing on the central bank's recent actions to stabilize the currency amid global economic changes.

What economic measure did the PSC announce to support coal production?

• A decrease in coal taxes

• An increase in the relending quota

• A subsidy for coal exports

• A ban on coal imports

What is the main concern regarding the COVID-19 situation in Beijing?

• A potential Shanghai-style crisis

• A shortage of medical supplies

• An increase in international travel

• A lack of testing facilities

How is Beijing attempting to manage the COVID-19 outbreak?

• By expanding mass testing and targeted lockdowns

• By implementing a full lockdown

• By closing all public transportation

• By increasing hospital capacity

What action did the Central Bank take to address the weakening yuan?

• Introduced a new currency

• Banned foreign currency transactions

• Reduced reserve requirements for foreign exchange

• Increased interest rates

What external factor is influencing the yuan's value despite Central Bank actions?

• Tourism rates

• Stimulus measures in other countries

• International trade agreements

• Global oil prices