BEIJING, 21 May 2026 – China’s currency policy is becoming harder to manage as exporters face growing pressure from yuan strength, shrinking margins and an increasingly uneven domestic economy, complicating Beijing’s effort to maintain exchange-rate stability while supporting growth.
The yuan has strengthened meaningfully in 2026, rising nearly 3% against the US dollar to around 6.8040 per dollar, while gaining about 2.6% against a basket of major trading partners. Global banks have raised their yuan forecasts, citing China’s export strength and more stable US-China trade relations as key drivers.
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