PBOC Easing Going Forward Will Be Selective, Says CCB's Cui

The video discusses the current state of China's currency market, highlighting that there is no panic despite recent depreciation. It attributes this to a strong dollar, trade war concerns, and monetary easing. The People's Bank of China (PBOC) is managing the impossible trinity effectively, using various policy tools to control capital flows and maintain stable monetary policy. The current monetary policy is described as selectively easing, focusing on risk management rather than growth support. Economic fundamentals are stable, with earnings doing well and supply-side factors in place.

What does the speaker suggest about the PBOC's ability to manage monetary policy and capital outflows?

What is the current stance of China's monetary policy as described in the text?