About liquidity

A weak dollar will not export liquidity. However, the weak dollar does cause the RMB to depreciate against the non-US dollar, because the RMB is basically pegged to the US dollar. If the US dollar depreciates against non-US dollars, the RMB will depreciate accordingly. But the original text, for example, is completely the opposite. "For example, due to the recent devaluation of Ukrainian, Russian and Korean currencies, the price of their hot coil products is lower than that of China, which directly leads to the lack of competitiveness of China steel products in the Middle East and Southeast Asia markets."