If China pursues unlimited stimulus (10 trillion yuan), McCarthy expects the RMB to experience significant downward pressure despite any initial rally, because markets would recognize the currency move signals Xi has abandoned his reform agenda and reverted to a broken growth model.
forecastpending
Speaker
Brian McCarthyEvidence Quote
“I think you'd see tremendous pressure on the currency... I think you sell the sell the crap out of the R&B after an initial it'll rally initially of course it'll rally for a few weeks um but ultimately... that would be overtly returning to a path that that they themselves have acknowledged as unsustainable”
Created: 8/10/2026, 11:05:04 PM
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