The Chinese yuan has demonstrated stability against the U.S. dollar, primarily due to rising domestic bond yields that have attracted foreign investors. In January, foreign holdings of Chinese negotiable certificates of deposits reached 1.07 trillion yuan, underlining increased demand for Chinese financial instruments. While industrial production growth is anticipated to slow, retail sales are predicted to rise, potentially providing support for the yuan. China's efforts to boost consumption continue to play a crucial role in stabilizing the currency amid evolving global economic conditions.
The Chinese yuan held steady against the U.S. dollar, supported by a rebound in domestic bond yields since the beginning of the year.
Higher yields could help attract foreign investors to Chinese debt, contributing to more demand for the yuan.
Foreign holdings of Chinese negotiable certificates of deposits reached 1.07 trillion yuan in January, supporting the yuan.
Industrial production is expected to slow to 5.4% YoY, while retail sales are projected to rise to 4%, with potential support for the yuan.
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