This is CBSI in the world.

I'm John Bass, a Gordon Chiang at Gordon G Chiang, my colleague and co-host, and we're

very pleased to welcome Charles or Tell on the money, because we need an explanation

of a technical headline in Reuters that very much speaks to the strength of the Chinese

economy.

The headline, China steps into STEM Yuan's slide, shore up confidence.

The subhead says, JP Morgan says, more Yuan weakness likely.

State banks sell dollars for Yuan.

The YUA and Yuan is the state currency, sometimes called the Ren Minbi.

It has a picture of Mao, a much younger Mao with lots of hair.

However, Charles, a very good day to you.

What does it mean slides?

What does it mean steps in?

What is that technical language referring to?

Good evening to you.

Good evening to you, John.

Hi, Gordon.

In recent months, the US Central Bank has raised benchmark interest rates substantially

off their very low base of a number of years ago.

This has made demand for the dollar, particularly in the two-year maturity, to be very, very

strong.

And what the Chinese are trying to do is artificially strengthen the one by selling dollars that it

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