# China tightens control to restrain currency's rise | AP News

> The People's Bank of China has intervened over the past year to restrain the yuan's rise despite efforts to make its exchange rate more market-oriented. Washington complains that a weak yuan makes Chinese exports cheap and widens the trade surplus.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/43818-china-tightens-control-to-restrain-currency-s-rise-ap-news
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Currency intervention and trade tensions shape the cost and flow of China's imports, including soybeans and feed ingredients. The direct price effect on commodities is modest.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-07-03 | [China's new yuan factor comes into play when currency weakens \| Reuters](https://feedsoft.ai/events/70193-china-s-new-yuan-factor-comes-into-play-when-currency-weakens-reuters.md) | +0.3% | -0.8% |
| USDCNY | 2017-05-27 | [China Tweaks Yuan’s Fix to Keep Currency Stable - Caixin Global](https://feedsoft.ai/events/5661-china-tweaks-yuan-s-fix-to-keep-currency-stable-caixin-global.md) | -0.7% | -0.2% |
| USDCNY | 2017-09-24 | [China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn](https://feedsoft.ai/events/69191-china-wants-to-reduce-control-of-changes-in-yuan-s-exchange-rate-chinadaily-com.md) | +1.0% | +0.7% |
| USDCNY | 2017-09-11 | [China central bank relaxes yuan hedging rules as currency strengthens, capital outflows ease \| Reuters](https://feedsoft.ai/events/7799-china-central-bank-relaxes-yuan-hedging-rules-as-currency-strengthens-capital.md) | +1.1% | +2.7% |
| USDCNY | 2021-06-01 | [Yuan continues to climb as regulators warn on speculative currency bets](https://feedsoft.ai/events/47326-yuan-continues-to-climb-as-regulators-warn-on-speculative-currency-bets.md) | +0.5% | +1.4% |

## Sources

- apnews.com: https://apnews.com/article/business-china-beijing-global-trade-dda912b1d5859383439c75b65a451455

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