As the Chinese currency hits a three-year high against the dollar, analysts predict further gains. But the central bank is stepping in to keep the rally from getting out of hand

Nearly 25% of Chinese firms report FX losses as the yuan strengthens, forcing Beijing to balance export competitiveness with currency internationalization goals.

Beijing has set the yuan at its strongest level against the US dollar since early 2023, with banks projecting further appreciation.

As the Chinese currency hits a three-year high against the dollar, analysts predict further gains. But the central bank is stepping in to keep the rally from getting out of hand