China's Central Bank Seeks to Calm Markets with Support Pledge

The video discusses the limited economic measures announced by the PSC, including a small increase in the relending quota for coal production and support for the aviation sector. It highlights the ongoing mass COVID-19 testing in Beijing and concerns about potential lockdowns. The video also analyzes the yuan's market dynamics, focusing on the central bank's recent actions to stabilize the currency amid global economic changes.

What are the potential outcomes for Beijing if the COVID-19 cases increase?

How is the Central Bank's recent announcement expected to impact the currency market?