PBOC Hasn't Deliberately Let Yuan Depreciate, Says Covenant Capital's CIO

The video discusses the People's Bank of China's (PBOC) approach to managing the yuan and its foreign reserves amidst trade tensions with the US. It highlights the stability of China's foreign reserves and the PBOC's focus on global trading partners rather than just the US dollar. The current yuan reference rate is examined, and the impact of yen depreciation on China's export competitiveness is analyzed.

What is the significance of the PBOC not wanting to let the genie out of the market?

What are the implications of the foreign reserve numbers for the PBOC's currency strategy?

How has the PBOC's approach to the yuan's value changed over the last few years?

In what context does the PBOC evaluate the value of the yuan?

What impact does the depreciation of the yen have on China's exports?