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Global MarketsJuly 10, 2026 at 05:07 AM

China's Yuan Strategy: PBOC's New Move

724FinanceDefne Aydın

China's Yuan Strategy: PBOC's New Move

The People's Bank of China (PBOC) has signaled its comfort with the yuan's gains by setting the reference rate below 6.8. This move is seen as a step to support China's economy and make it more competitive in global trade.

Yuan's Rise

■The yuan's appreciation can support China's exports.

■However, it can also make imports more expensive.

PBOC's Strategy

The PBOC is using various tools to support the yuan's value. The reference rate below 6.8 allows the yuan's appreciation. This is seen as a step to support China's economy and make it more competitive in global trade.

Markets will be more comfortable with the PBOC's move, but ongoing uncertainties about the future of global trade and the yuan's value fluctuations will continue to worry investors.