The PBOC's Role in the Chinese Economy

There's still pent up demand to take capital out of China. Once the curbs got dropped, we are going to see a lot of outflows happening. A slightly weaker currency is actually good in some ways for China but they do have these other concerns. Where would it have to be for all of a sudden more aggressive measures to come into play? I think it's going to be 7.3,. That would be very close to the low in 2023, 2022 last year in November.