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الاقتصادية
Source: الاقتصادية
5 Hrsالاقتصادية
Source: الاقتصادية
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The Chinese yuan’s appreciation—by around 5% against the dollar and 9% against the euro since the start of the year—has raised the cost of Chinese goods in overseas markets and squeezed exporters’ profit margins, putting orders and jobs at risk. Beijing faces a dilemma: trading partners are pressing it to strengthen a currency they consider undervalued, while it fears harming exports and growth amid weak domestic demand. The People’s Bank of China’s decision to raise foreign-currency reserve requirements for financial institutions signals an effort to slow the yuan’s appreciation. Analysts expect gradual steps rather than a major shift in policy.
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