China Still Has a lot of Tools in the Toolkit, Says Jefferies’s Bechtel

The transcript discusses the People's Bank of China's (PBOC) approach to currency manipulation, focusing on the yuan's fixing and market reactions. It highlights the psychological impact of crossing the 7 yuan per dollar mark and the subsequent market response. The discussion also covers the gap between onshore and offshore yuan, potential future movements, and China's economic strategies in response to being labeled a currency manipulator. The transcript concludes with a look at China's available economic tools and the potential international implications of their currency policies.

What tools does China have available to respond to economic pressures from the US?

Discuss the potential consequences of further weakening the yuan for China's economy.