Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely
Geopolitical concerns help support the use of the renminbi despite weak foreign investment trends
Quick rebound expected after the relaxation of zero-Covid policies has not materialised
Demonstrations show how the country is struggling to deal with Covid and an easing of lockdowns
Top official makes rare intervention to reassure investors but progress to resolve problems will be difficult
Fed shift towards raising rates will make it hard for China and Japan not to tighten monetary policy
