LOGO
LOGO

Asian Economic News

China Says Yuan Strength Hurting Export Sector

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China has indicated that the recent appreciation of yuan is hurting exporters' profit margins despite improved global demand conditions.

"Yuan appreciation is having a big negative impact on export firms," Commerce Ministry spokesperson Shen Danyang was quoted as saying in Beijing on Thursday. According to the ministry, export orders also remained weak.

Shen, meanwhile, signaled concern over the continued weakness in yen as a result of the recent monetary easing by Bank of Japan.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.