# As China’s yuan gets stronger while Ukraine crisis drives up raw material prices, exporters shy away from US dollar | South China Morning Post

> Chinese exporters are wary of a strengthening yuan, which could erode their competitiveness, even as the Ukraine crisis pushes up raw material prices. Manufacturers say they have raised ex-factory prices only about 5% while raw material costs have soared.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/42484-as-china-s-yuan-gets-stronger-while-ukraine-crisis-drives-up-raw-material
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher raw material costs for Chinese manufacturers and currency pressure on exporters reflect broader inflation in commodity inputs, with limited direct effect on feed grain prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-09 | [China says yuan no longer a one-way bet as currency slides against US dollar \| South China Morning Post](https://feedsoft.ai/events/66717-china-says-yuan-no-longer-a-one-way-bet-as-currency-slides-against-us-dollar.md) | +0.3% | +0.1% |
| USDCNY | 2026-08-27 | [China keeps yuan in check as PBOC resists sharp rise against weaker US dollar: analysts \| South China Morning Post](https://feedsoft.ai/events/18094-china-keeps-yuan-in-check-as-pboc-resists-sharp-rise-against-weaker-us-dollar.md) | -0.1% | -0.1% |
| USDCNY | 2018-12-24 | [China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said \| South China Morning Post](https://feedsoft.ai/events/61790-china-to-keep-yuan-currency-from-sliding-below-7-to-the-us-dollar-as-part-of.md) | -0.7% | -2.3% |
| USDCNY | 2024-10-07 | [US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts \| South China Morning Post](https://feedsoft.ai/events/11041-us-election-jobs-data-to-pressure-china-s-yuan-as-stimulus-shores-it-up.md) | +0.7% | +1.2% |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3169254/chinas-yuan-gets-stronger-while-ukraine-crisis-drives-raw

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