The PBOC's Role in the Chinese Economy

There's still pent-up demand to take capital out of China. A slightly weaker currency is actually good in some ways for China, stimulating exports and such. But where does it get uncomfortable for them? I think it's going to be 7.3 because that would be very close to the low in 2022 last year in November. If we reach that level, the US is going to get a lot of interest from shorting overseas.