The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Reuters
The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Reuters

China’s yuan to continue rise against US dollar in short term, but when will Beijing say enough?

  • Some economists see the yuan strengthening into 2021, but others say Beijing will step in as it could hurt the nation’s competitiveness and jeopardise its policy agenda
  • The yuan has strengthened since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic

The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Reuters
The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Reuters
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