Yuan Pushback Builds as Chinese Media Warn Against One-Way Bets

Chinese state media has cautioned against making one-way bets on the yuan, signaling growing official discomfort about the pace of recent gains in the currency.

The yuan’s current trend is unsustainable and market players shouldn’t expect it to last, Shanghai Securities News and China Securities Journal said Monday, while the People’s Daily said two-way moves are the norm. The yuan has gained more than 4% in 2025 and rose past 7 per dollar last week in offshore trade for the first time in over a year.