# China’s yuan tumbles amid fears about Xi’s third term | CNN Business

> The yuan fell to its lowest level in nearly 15 years as investors sold Chinese assets following Xi Jinping's reshuffle of Communist Party leaders, which raised concerns about his tighter grip on power. Investors are reacting to political uncertainty as well as the economy.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/39357-china-s-yuan-tumbles-amid-fears-about-xi-s-third-term-cnn-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A sharply weaker yuan raises the cost of dollar-priced feed imports for China and can dent its purchasing power for soybeans and corn. Political uncertainty also adds to doubts about Chinese feed demand.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2024-01-19 | [China’s yuan set to weaken for a third week against rebounding dollar - Markets - Business Recorder](https://feedsoft.ai/events/32358-china-s-yuan-set-to-weaken-for-a-third-week-against-rebounding-dollar-markets.md) | -0.4% | -0.0% |
| USDCNY | 2022-10-24 | [China stocks tumble as Xi's team fans economic concern; yuan weakens \| Reuters](https://feedsoft.ai/events/6930-china-stocks-tumble-as-xi-s-team-fans-economic-concern-yuan-weakens-reuters.md) | +0.1% | -1.0% |
| USDCNY | 2023-04-28 | [China’s yuan rebounds, but looks set for a losing month - Markets - Business Recorder](https://feedsoft.ai/events/36604-china-s-yuan-rebounds-but-looks-set-for-a-losing-month-markets-business-recorder.md) | -0.2% | +2.2% |
| USDCNY | 2021-10-18 | [Yuan slips after China's Q3 GDP slower than expected - Markets - Business Recorder](https://feedsoft.ai/events/7479-yuan-slips-after-china-s-q3-gdp-slower-than-expected-markets-business-recorder.md) | -0.8% | -0.8% |

## Sources

- cnn.com: https://www.cnn.com/2022/10/25/investing/china-yuan-all-time-low-xi-jinping-third-term-intl-hnk

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.