China’s yuan expected to stabilise, strengthen – PBC

The foundation for maintaining a “basically stable” yuan exchange rate remains “solid,” according to an article published Wednesday by Financial News, a publication of the People’s Bank of China (PBC).

The article noted that the foreign exchange market is functioning steadily and projected the yuan to stabiliSe and strengthen toward the end of the year.

However, Reuters reported earlier on Wednesday that China’s top leaders and policymakers are weighing the possibility of allowing the yuan to weaken in 2025. This consideration comes as the country braces for higher US trade tariffs under the return of Donald Trump to the White House.

Attribution: Reuters