Re: lowering interest rates, China has the largest foreign currency reserves in the world at over 3 trillion USD. So where most sovereign currency issuers can’t

Re: lowering interest rates, China has the largest foreign currency reserves in the world at over 3 trillion USD. So where most sovereign currency issuers can’t print money without reducing the value of their currency - or increasing interest rates to compensate - China can defend the value of their currency by purchasing with it foreign reserves. I’m not an economist so I can’t tell you how far they can go with this. But they have an atypical margin for error correction re: interest rates / money creation.