China Largely Ended Currency Intervention, Central Bank Chief Says

The video discusses Egon's rare appearance in Washington for IMF and World Bank meetings, where he highlighted the PBOC's reduced intervention in the yuan. Although not freely convertible, the yuan is primarily market-driven. Egon emphasized the PBOC's policy to ease yuan use for Chinese households, allowing exchanges up to $50,000 annually. The US-China exchange rate is stable, but the US criticizes China's lack of transparency in managing it.

What was Egon's perspective on the US-China exchange rate?

What criticisms has the US Treasury made towards China regarding its exchange rate management?