# Stronger yuan won’t dent China trade | snaps | ING THINK

> ING forecasts China's January exports to grow 16.3 percent year-on-year in USD terms and imports to rise 16.2 percent, driven by Lunar New Year shipping timing. The bank argues the yuan's roughly 3 percent appreciation will not materially hurt overall exports.

- Date: 2018-02-07 · published 2018-02-07T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/7108-stronger-yuan-won-t-dent-china-trade-snaps-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Strong expected import growth, including raw materials, supports Chinese demand for commodities, though the forecast is a projection rather than a realized outcome.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-12-07 | [China surprises with higher foreign reserves from inflows \| snaps \| ING THINK](https://feedsoft.ai/events/61797-china-surprises-with-higher-foreign-reserves-from-inflows-snaps-ing-think.md) | -0.0% | -0.4% |
| USDCNY | 2018-12-21 | [China sees stable forex market in November - CGTN](https://feedsoft.ai/events/61794-china-sees-stable-forex-market-in-november-cgtn.md) | -0.1% | -1.5% |
| USDCNY | 2021-06-16 | [Chinese Yuan Holds Steady Against Dollar, Euro on Mixed Economic Data](https://feedsoft.ai/events/7122-chinese-yuan-holds-steady-against-dollar-euro-on-mixed-economic-data.md) | +1.2% | +1.0% |
| USDCNY | 2022-11-15 | [China data disappoints; USD/CNH halts 3-Day slide](https://feedsoft.ai/events/8208-china-data-disappoints-usd-cnh-halts-3-day-slide.md) | +1.3% | -1.8% |
| USDCNY | 2022-12-12 | [The Fed - Foreign Exchange Rates - H.10 - December 12, 2022](https://feedsoft.ai/events/38444-the-fed-foreign-exchange-rates-h-10-december-12-2022.md) | +0.2% | -2.6% |

## Sources

- think.ing.com: https://think.ing.com/snaps/expect-strong-china-trade-despite-appreciating-yuan/

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