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Home / South China Morning Post / China signals shift to stronger yuan exchange rate policy to help develop domestic demand, analysts say

China signals shift to stronger yuan exchange rate policy to help develop domestic demand, analysts say

Summary:
[unable to retrieve full-text content]China’s preference for a relatively weak exchange rate to help exporters and stimulate economic growth might soon be coming to an end, according to a growing number of analysts.The yuan exchange rate has experienced significant depreciation in the past five years, with the central bank allowing its value to fall around 10 per cent against the US dollar since major currency reforms were introduced in August 2015 and as the economy gradually slowed.But Chinese leaders are seemingly shifting…

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[unable to retrieve full-text content]
China’s preference for a relatively weak exchange rate to help exporters and stimulate economic growth might soon be coming to an end, according to a growing number of analysts.The yuan exchange rate has experienced significant depreciation in the past five years, with the central bank allowing its value to fall around 10 per cent against the US dollar since major currency reforms were introduced in August 2015 and as the economy gradually slowed.But Chinese leaders are seemingly shifting…

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