Economics
China's Export Machine Is Taking On a Stronger Yuan, and Winning
- Strong external demand, more hedging will help trade companies
- Currency rallied 9% in past 12 months as the dollar slumped
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China’s exporters are shrugging off the surging yuan, even as it nears its strongest level since 2015.
Growth in outbound shipments is expected to build on January’s double-digit increase to climb 6 percent in 2018, though the yuan has posted a 9 percent gain over the past year. While a rising domestic currency over time makes exports more expensive, trade isn’t suffering yet.