While a stronger Chinese currency could cool trade frictions and boost consumer buying power, economists argue the real economic fix lies in a much harder task
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After years of trending weaker against the dollar, the yuan has been regaining its strength since last year. Since late April, the onshore yuan has appreciated nearly 4.4% against the dollar as of Monday, reversing a multiyear slide. As of the official close of trading that day, the yuan stood at just over 6.98 to the dollar.
As the Chinese currency hits a three-year high against the dollar, analysts predict further gains. But the central bank is…
Nearly 25% of Chinese firms report FX losses as the yuan strengthens, forcing Beijing to balance export competitiveness with…
The People’s Bank of China has nudged the yuan into a stronger position as investor concerns grow over Federal Reserve…
The Chinese yuan is climbing on a dollar slump, but its weakness against other currencies could draw the ire of major trading…
The Chinese currency is already rising against the US dollar and will receive another boost if the Federal Reserve cuts interest…
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote…
