China's Central Bank Cuts Lenders' Reserve Ratio to Support Tumbling Yuan

The video discusses the People's Bank of China's (PBC) strategy, drawing parallels with OPEC Plus, and its recent FX reserve cut aimed at reducing foreign exchange demand. It examines the contrasting monetary policies of the US and China, with the US tightening and China loosening. The video also explores China's COVID-19 zero infection policy, highlighting the government's efforts to balance economic impact with health measures, despite the challenges of maintaining zero infections.

What are the implications of the PBC's actions on the demand for foreign exchange?

What measures does the text suggest China will continue to implement in response to COVID-19?