Beijing to Rigorously Safeguard Yuan's Value in 2025 Amid Past Lessons

Politics

1 year ago

News sources:

Credited from: SCMP

China’s central bank has taken decisive action against the yuan's modest depreciation, demonstrating its commitment to maintain the currency within a targeted range.
The People’s Bank of China is prepared to implement measures if the yuan approaches key levels of 7.4 to 7.5 against the US dollar.
A stable yuan is critical for China's economic confidence, especially with the 2025 economic outlook showing growth outpacing that of the US.
Beijing aims to avoid a repeat of the 2015 devaluation that led to capital outflows and significant impacts on its economy.
China's strategy suggests that maintaining yuan stability is prioritised over short-term trade benefits, echoing historical actions during crises.

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Yuan Exchange rate China Economy Us dollar People's bank of china Financial stability

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