South China Morning Post

Chinese exporters see respite as Beijing curbs yuan rise amid looming record surplus

The People’s Bank of China’s (PBOC) intervention to raise the foreign exchange reserve requirement ratio amid the yuan’s sustained rally has delivered a reprieve for China’s broader export sector, as the measure is expected to partly ease appreciation momentum driven by the country’s enormous trade surplus, analysts say. China’s goods trade surplus mounted to a record US$938.1 billion in the January-September period, rising from US$726.2 billion in the same period a year prior. With the full...

By South China Morning Post

1 min read
Chinese exporters see respite as Beijing curbs yuan rise amid looming record surplus
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Banking & Finance

Related Insights