Beijing, 28 May 2026 – China’s stronger yuan is becoming less alarming for policymakers as global appetite for artificial intelligence-linked products helps cushion the export sector, giving Beijing more room to tolerate currency appreciation while managing domestic economic pressures.
The yuan recently climbed to its strongest level in more than three years against the US dollar, supported by resilient exports, a large trade surplus and stronger market confidence around China’s technology outlook. The onshore and offshore yuan traded around 6.787 per dollar in mid-May, while the People’s Bank of China continued to guide the currency carefully through its daily midpoint fixing.
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