# Forex regulator: China prepared for imminent US Fed tapering | english.scio.gov.cn

> China's forex regulator said the country is better prepared for the imminent Fed tapering than in 2013, citing growing exports, strong fundamentals and limited corporate foreign-debt exposure. The regulator contrasted current borrowing levels with the pre-2013 credit boom.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/43360-forex-regulator-china-prepared-for-imminent-us-fed-tapering-english-scio-gov-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expectation of a stable yuan supports steady Chinese import demand for feed ingredients, with little direct price impact on grain and meal markets.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-10-23 | [Prepare for more volatility in the Chinese yuan, regulator says](https://feedsoft.ai/events/50853-prepare-for-more-volatility-in-the-chinese-yuan-regulator-says.md) | +0.5% | -1.8% |
| USDCNY | 2021-05-31 | [PBOC raises requirement for banks' forex deposits - Chinadaily.com.cn](https://feedsoft.ai/events/47322-pboc-raises-requirement-for-banks-forex-deposits-chinadaily-com-cn.md) | +0.5% | +1.4% |
| USDCNY | 2017-05-30 | [China Adds Adjustment Factor To Renminibi Fixing, Diverging From Free-Float? - ActionForex](https://feedsoft.ai/events/5662-china-adds-adjustment-factor-to-renminibi-fixing-diverging-from-free-float.md) | -0.7% | -0.2% |
| USDCNY | 2024-11-26 | [China Draws a Red Line for the Yuan as Trump Risks Return - Bloomberg](https://feedsoft.ai/events/27629-china-draws-a-red-line-for-the-yuan-as-trump-risks-return-bloomberg.md) | +0.6% | +0.8% |
| USDCNY | 2017-07-12 | [PBOC: China should expand Renminbi's trading band - People's Daily Online](https://feedsoft.ai/events/70197-pboc-china-should-expand-renminbi-s-trading-band-people-s-daily-online.md) | -0.8% | -1.4% |

## Sources

- english.scio.gov.cn: http://english.scio.gov.cn/m/pressroom/2022-01/24/content_78007208.htm

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