Economy Politics Country 2026-01-15T22:17:40+00:00

Yuan Strengthens as Beijing Aims for Export Growth

The People's Bank of China is guiding the yuan towards appreciation. Analysts forecast further strengthening of the Chinese currency. Nevertheless, Beijing maintains a strong focus on boosting exports, reflecting the intricate links between exchange rates and global trade.


Yuan Strengthens as Beijing Aims for Export Growth

Since last April, the People's Bank of China has been guiding its currency towards a gradual increase of about 3%, bringing the yuan to a level of 7.07 against the dollar, its strongest point in over a year. Many analysts predict that the dollar could fall below the 7.00 yuan barrier in 2026, possibly to a level of 6.60 yuan, meaning an additional rise of about 7% and returning the Chinese currency to 2022 levels. Jimmy McGivver Despite the continuous rise in the Chinese yuan, Beijing's appetite for boosting export growth is at its peak, highlighting the always complex and unstable relationship between exchange rates and global trade.