PBOC Clearly Drawing a Line in the Sand on Yuan, Says Juckes

The transcript discusses a strategic economic decision to maintain control over currency value, highlighting the lack of capital flight and stable foreign exchange reserves. It suggests that the weaker currency has not significantly impacted the economy, and the decision to stabilize it around a specific value is strategic. The discussion concludes with a mention of ongoing talks with the US.

What does the speaker imply about the cost of a weaker currency?

What recent development is mentioned regarding talks with the Americans?