{
Adam Wolfe

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yuan faces pressure as trump's return threatens trade relations with china

China's ambition for a "powerful currency" faces challenges with Donald Trump's potential return to power, which could lead to significant tariffs on Chinese goods. Analysts predict the yuan may break a 17-year low against the dollar by 2025, with a possible 10% decline, as economic conditions worsen and foreign investments dwindle. The People's Bank of China may support the yuan temporarily but could allow depreciation if a trade war escalates to safeguard exports.
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Chinese Yuan United States Dollar BNP Paribas SA Apple Inc. USA CHN Xi Jinping Donald Trump Adam Wolfe Show more
Finance & Economy, Market Report
04:08 16.11.2024
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