Can the PBOC Monetize China's Debt Problem?

The video discusses why China cannot simply monetize its debt by printing money, as it would transfer wealth from households to the government, which is counterproductive for growth. It also addresses misconceptions about China's currency strategy, explaining that the RMB's decline is due to domestic money supply expansion rather than intentional devaluation. The People's Bank of China aims to maintain the renminbi's value to rebuild credibility and manage capital outflows.

In what ways has the Chinese currency been affected by domestic money supply expansion?

What strategies might the People's Bank of China employ to manage currency value?