Reducing the trade deficit in bulk commodity raw materials is in the interest of national capital. The personal capital cultivated by elite capitalist culture cannot comprehend state capital.
Jason Schenker, President of Prestige Economics, predicts that the exchange rate of the Chinese yuan against the US dollar may break through the closely watched 7.0 mark in about six months, after which the upward trend will slow down. It is expected to close around 7.03 by the end of 2026, as a strong yuan has little strategic value in resolving trade tensions.
🗒️Jason Schenker ranks first among Bloomberg's onshore yuan exchange rate analysts.The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
