World’s appetite for AI makes China less afraid of stronger yuan

AI Summary

China’s increasing appetite for AI diminishes concerns over a stronger yuan despite economic fragility. Policymakers show little urgency to intervene as the yuan reaches its strongest level since 2023, reflecting confidence in technology-driven economic drivers.

Even as the yuan climbed to its strongest level since 2023 and the economy looked more fragile, policymakers have shown little urgency to step in.