China Said to Prep Support Plan for Yuan, Outflows

The transcript discusses the Chinese government's efforts to manage capital flight, including recent measures to increase reporting and paperwork for currency conversion. It explores potential policies like converting foreign currency holdings of state-owned enterprises and reducing US Treasury holdings. The pressure on the Chinese economy, especially on companies with dollar-denominated debt, is highlighted. Various methods used by Chinese citizens to move currency offshore, such as Bitcoin and fake invoicing, are also examined.

What pressures are currently facing the Chinese government and companies regarding currency stability?

What methods have Chinese citizens reportedly used to transfer currency offshore?