Yuan Won’t Be an Active Trade Policy Tool, Says BlackRock's Boivin

The video discusses the potential use of trade policy tools, focusing on the pressures on China to adopt a market-determined exchange rate, primarily from the US. It highlights the challenges in controlling such tools, especially in the context of market dynamics and devaluation. The analysis also covers the depreciation of the Rimbey and the complexities of determining competitive depreciation, considering recent growth and trade balance shifts.

Discuss the implications of competitive depreciation mentioned in the text.

What fundamental logic is presented for the movement of the Chinese Yuan?