From Wall Street Journal:



China is dealing with a weakening yuan in relation to the US dollar, losing over 3% of its value this year. The fear of dollar strength is a factor in China’s approach to its currency, with the yuan trading around 16-year lows against the dollar in September, and a dollar now buying around 7.15 yuan.

This situation reflects China’s mix of bold ambition and fear, as it tries to manage its currency amidst global economic conditions. The yuan’s fluctuations against the dollar are a key point of concern for China, especially as it seeks to maintain stability in its economy and trade relations.

The weakening of the yuan and its implications for China’s position in the global economy are central issues at play, with implications for both domestic and international economic dynamics.



Read more: How China Manages Its Currency—and Why That Matters