Phelps: China Quite Happy With Weakening Currency

The video discusses currency movements in 2016, focusing on China's approach to managing its currency against the dollar and a basket of currencies. It highlights China's efforts to control market jitters through capital controls and shifting focus to a trade-weighted basket. The discussion also covers the global race to devalue currencies, with China aiming for a stable, competitive position without causing growth concerns.

What were the concerns regarding the Chinese currency movements in early 2016?

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How have China's capital controls changed since the devaluation concerns?

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What is the current perspective of the Chinese government on currency weakening?

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In what way does the global currency environment affect China's currency strategy?

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What are the implications of a weaker Chinese currency for the global economy?

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