PBOC Will Let Market Forces Drive Yuan, Mizuho's Cheung Says

The video discusses the weakening of the Chinese Yuan (CNY) and the factors driving this trend, including the People's Bank of China's (PBOC) easing measures and intervention policies. The discussion highlights the impact of these measures on the currency and market expectations, comparing the current situation to past events. The PBOC's strategy to stabilize the currency and its implications for trade and capital outflows are also explored.

What expectations do investors have regarding the PBOC's actions on the renminbi?

In what ways might the PBOC use the renminbi weakness as a tool in trade relations?