Deutsche Bank’s Liu Sees Exchange Rates, U.S. Dollar Becoming More Volatile

The video discusses the implications of US and China currency interventions, highlighting China's increasing exchange rate flexibility and the impact of geopolitical uncertainties like Brexit and the US-China trade war. It explores China's fiscal and monetary strategies to maintain economic stability, including fiscal deficits and monetary easing. The video also addresses challenges in China's credit market, such as defaults and liquidity issues, and the PBOC's efforts to stabilize the market. Finally, it clarifies recent PBOC currency fixes.

In what ways is China attempting to achieve balance of payment stability?

What role does the PBOC play in stabilizing the credit market in China?