The world's largest investment banks have revised their forecasts for the Chinese economy, noting the first signs of its recovery. This led to a weakening of the «bearish» sentiment towards the yuan, although concerns about a possible increase in trade confrontation with the United States remain relevant. During the current week, Beijing introduced new incentive measures aimed at increasing domestic consumption. The authorities also expressed their willingness to support the stock market and the real estate sector. At the same time, China maintains its economic growth target for 2025, setting it at about 5%. Since the beginning of the year, the Chinese yuan has strengthened by about 1% against the US dollar. On Thursday, March 20, its exchange rate reached $7.23. This growth followed a 2.8% decline in 2024.
