Currency Dynamics: US Dollar vs Chinese Yuan

This chapter delves into the complexities of currency valuation, examining the trade-offs between the US dollar's strength and the perceived undervaluation of the Chinese yuan. The discussion highlights the challenges both nations face in balancing export competitiveness and domestic consumption, while also addressing the implications of China's supply-led growth model. Through the lens of current economic dynamics, the speakers express skepticism regarding the feasibility of China's economic reforms aimed at promoting private consumption and currency stability.