China expects the Chinese yuan to stabilize after the recent economic data improved. China's low-interest rates effectively stimulated market demand and supported economic recovery.
The exchange rate is a reflection of the general economy, internal and external factors. As internal and external fundamentals continue to improve, the yuan exchange rate stabilizes on a more stable basis.
A series of economic data for August, including credit lending growth, factory production, and retail sales, showed the world's second-largest economy was gaining momentum.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
