The renminbi appreciated against the US currency this month for the first time since October, helped by a tightening of capital controls. But in trade-weighted terms, the Chinese currency has been broadly stable for half a year. Meanwhile, China’s two main equity markets diverged in January, with stocks in Shanghai rising but those in Shenzhen falling.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services