China Exports Cushioned by Weaker Yuan as Imports Rebound
- Exports rise for 6th straight month in yuan, slip in dollars
- Imports climb in U.S. dollar terms for first time since 2014
Chinese Companies Swap U.S. Dollars for Yuan
This article is for subscribers only.
China’s exporters were cushioned by a weaker yuan last month, while imports rose for the first time since 2014 as property and infrastructure continued to help prop up growth and stronger demand signaled that the expansion may continue to stabilize.
Even as it confronts rising wages, a shrinking workforce and intensifying competition from lower-cost nations, China is still eating up a larger chunk of a shrinking international trade market, while a weaker yuan is helping boost receipts. But with global demand remaining tepid, there’s still few signs of a trade-led acceleration, leaving policy makers on guard and the economy increasingly reliant on services and consumption.