China Credit Growth Rebounds as PBOCs Easing Kicks In

The video discusses China's economic measures to boost liquidity, including targeted actions by the PBOC, which have led to increased bank lending and aggregate financing. It also covers the US Treasury's report on China's currency, noting a slight softening in their stance but maintaining that the renminbi is undervalued. The video concludes with a preview of the upcoming APEC meeting in Beijing, where currency issues are expected to be a topic of discussion.

What stance did the US Treasury take regarding the value of the renminbi in their report?

What implications might the upcoming APEC leaders' meeting have on discussions about currency policy?