The_Yuan

World Economy; is it true that China no longer seeks to minimize the exchange rate on the yuan; since when??

Here’s the clearest, evidence‑based picture of what’s going on with China’s exchange‑rate strategy, grounded in the search results you triggered.

🌏 Has China stopped trying to depreciate the yuan?

Yes — the current signals from Beijing point toward allowing or even encouraging a stronger yuan, rather than pushing it down.

Two pieces of evidence from the search results support this:

China’s central bank has recently been strengthening the daily fixing, pushing the yuan to its strongest level in nearly 16 months.

Analysts note that Beijing’s broader policy goals — internationalizing the RMB and curbing industrial overcapacity — now align with a firmer exchange rate.

This is a meaningful shift from the years when China was accused of keeping the yuan artificially weak to boost exports.

📅 Since when?

Based on the search results, the shift becomes visible in late 2024 and becomes explicit by early 2026:

Late 2024 → early signs

The yuan’s fixing was already being strengthened by September 2024, when the midpoint was set at 7.0074.

2025 → stability mandate

China’s Central Economic Work Conference (Dec 2025) emphasized maintaining a stable RMB, with economists projecting gradual appreciation in 2026.

This is not a “let it fall” stance — it’s a “keep it stable or slightly stronger” stance.

January 2026 → clear shift

January 13, 2026: The PBOC sets the yuan fixing at 7.0103, the strongest in 16 months, signaling a policy tilt toward a firmer currency.

Another January 2026 report notes the PBOC may reverse earlier measures used to prevent depreciation, because the yuan is now stronger and more stable.

🧭 What does this mean in practice?

China is now prioritizing:

Currency stability (to attract foreign capital and reduce financial risk)

RMB internationalization

Reducing overcapacity, which is easier with a stronger currency

Avoiding trade tensions with the U.S. and EU

This is a very different environment from the 2000s–2010s export‑driven strategy.

🧩 Bottom line

China has not been trying to weaken the yuan recently.

The shift toward stability and mild appreciation has been unfolding since late 2024, and by January 2026 it is openly visible in PBOC actions and analyst commentary.

If you want, we can dig into why China is doing this — geopolitics, capital flows, domestic overcapacity, or the long game of RMB internationalization.