Beijing prefers the yuan to trade within a stable range to cushion the blow from an economic slowdown. Photo: Reuters
Beijing prefers the yuan to trade within a stable range to cushion the blow from an economic slowdown. Photo: Reuters
Yuan

China’s yuan strengthens as trade surplus hits US$72 billion in November amid robust export growth

  • China’s foreign reserves rose to US$3.222 trillion at the end of November, up US$4.8 billion from a month earlier
  • The dollar-denominated value of exports increased by 22 per cent on year last month, the second highest rise of 2021

Topic |   Yuan
Beijing prefers the yuan to trade within a stable range to cushion the blow from an economic slowdown. Photo: Reuters
Beijing prefers the yuan to trade within a stable range to cushion the blow from an economic slowdown. Photo: Reuters
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