Devisen: Der Yuan soll steigen – aber nicht auf Geheiß des Westens
Im Westen gilt der unterbewertete Yuan als Schlüsselfaktor für Chinas Exportüberschüsse. Peking weist das zurück – doch einflussreiche Stimmen diskutieren durchaus über einen stärkeren Yuan.
The phrase "Devisen: Der Yuan soll steigen – aber nicht auf Geheiß des Westens" immediately evokes historical memories in China. When German Federal Chancellor Friedrich Merz (CDU) complained about the undervaluation of the yuan and indirectly introduced the idea of currency dialogue after the EU summit in June, China's reaction was sharp.
According to the nationalist "Global Times," no such dialogue was necessary, with Europe's problems being self-inflicted, such as high energy costs, insufficient innovation, and weak industrial policy. China's export strength, however, relies on supply chains, innovative technologies, and economies of scale. Recently, the central bank announced its aim to keep the currency at an adaptable level "essentially stable," indicating little room for appreciation.
Beijing's dismissal of Western demands does not necessarily mean China wants to prevent any appreciation. Discussions of a stronger yuan are indeed taking place in the People's Republic.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
