China’s Yuan Expected to Strengthen as Central Bank Predicts Stable Growth

 

The headquarters of the People's Bank of China (PBOC), the nation's central bank, photographed in Beijing, China, on September 28, 2018.

BEIJING, Dec 11 (Reuters) – The yuan’s exchange rate is expected to remain "basically stable," backed by a strong foundation, according to an article published Wednesday in Financial News, the official publication of the People's Bank of China.

The article highlighted that the foreign exchange market is operating smoothly, with the yuan likely to stabilize and gain strength as the year comes to a close.

China's top leaders and policymakers are reportedly considering letting the yuan weaken in 2025 in anticipation of heightened U.S. trade tariffs if Donald Trump returns to the White House. The report, published by Reuters earlier on Wednesday, highlights the potential economic adjustments China may adopt to navigate future trade tensions.