# Across The Border | Why Beijing’s tight grip on the economy is bad news for the yuan | South China Morning Post

> The yuan's 2017 rally ended last week after the People's Bank of China scrapped a reserve requirement on a yuan derivative that had been aimed at curbing depreciation. Analysts expect Beijing to keep the currency stable until the 19th Party Congress starting October 18.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69190-across-the-border-why-beijing-s-tight-grip-on-the-economy-is-bad-news-for-the
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expected weakness in the yuan after the Congress would raise the cost of dollar-priced imports for China, which could dampen its demand for US feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-11-02 | [Macroscope \| Why the wind behind the Chinese yuan’s strength is likely to die down in 2022 \| South China Morning Post](https://feedsoft.ai/events/44273-macroscope-why-the-wind-behind-the-chinese-yuan-s-strength-is-likely-to-die.md) | -0.1% | -0.5% |
| USDCNY | 2022-04-22 | [China’s yuan risks ‘skewed towards further weakness’ as Beijing seeks to shore up economy under zero-Covid strategy \| South China Morning Post](https://feedsoft.ai/events/4949-china-s-yuan-risks-skewed-towards-further-weakness-as-beijing-seeks-to-shore-up.md) | +2.7% | +4.0% |
| USDCNY | 2024-06-28 | [China’s central bank puts the yuan’s exchange-rate swings in crosshairs \| South China Morning Post](https://feedsoft.ai/events/30006-china-s-central-bank-puts-the-yuan-s-exchange-rate-swings-in-crosshairs-south.md) | -0.0% | -0.3% |
| USDCNY | 2018-08-30 | [Macroscope \| China’s yuan sinks, but neither its central bank nor investors are showing signs of panic \| South China Morning Post](https://feedsoft.ai/events/63747-macroscope-china-s-yuan-sinks-but-neither-its-central-bank-nor-investors-are.md) | +0.2% | +1.0% |
| USDCNY | 2018-10-31 | [China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low \| South China Morning Post](https://feedsoft.ai/events/62764-china-to-sell-new-yuan-bills-in-hong-kong-a-new-tool-to-control-the-currency.md) | -0.7% | -0.4% |

## Sources

- scmp.com: https://www.scmp.com/business/money/money-news/article/2112145/why-beijings-tight-grip-economy-bad-news-yuan

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