# PBOC’s Wang calls for growth-boosting policy as yuan slumps to yearly lows: Analytics and Market news from 25 April 2022 04:04

> PBOC policy committee member Wang Yiming called for stronger growth-support measures to push second-quarter GDP growth above 5%. USD/CNY rose to a yearly high of 6.5414 as the yuan posted its worst week since 2015 on growth concerns, Covid lockdowns and the widening US-China yield gap.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/7642-pboc-s-wang-calls-for-growth-boosting-policy-as-yuan-slumps-to-yearly-lows
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese growth reduces expected demand for feed grains and meal, while a weaker yuan raises import costs. Any stimulus that follows could partly offset this demand weakness.

## Read by commodity

- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-04-25 | 1 | +0.9% | 4.3 | On 25 April USD/CNY rose to a yearly high of 6.5414 on growth concerns, lockdowns and the widening US-China yield gap, directly reflecting the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-20 | [USD/CNH bulls approach 7.1800 as PBoC rate cut contrasts with hawkish Fed bias: Analytics and Market news from 20 June 2023 01:51](https://feedsoft.ai/events/11230-usd-cnh-bulls-approach-7-1800-as-pboc-rate-cut-contrasts-with-hawkish-fed-bias.md) | +1.6% | +0.8% |
| USDCNY | 2022-09-23 | [China’s yuan ends near 28-month low, set for worst week since April - Markets - Business Recorder](https://feedsoft.ai/events/8606-china-s-yuan-ends-near-28-month-low-set-for-worst-week-since-april-markets.md) | +0.6% | +2.3% |
| USDCNY | 2026-06-29 | [PBoC sets USD/CNY fix above forecasts, hinting at managed yuan depreciation as growth concerns linger - VT Markets](https://feedsoft.ai/events/19038-pboc-sets-usd-cny-fix-above-forecasts-hinting-at-managed-yuan-depreciation-as.md) | -0.0% | -0.5% |
| USDCNY | 2022-04-25 | [Yuan Slips to One-Year Lows, Extending Losses - Asia Financial News](https://feedsoft.ai/events/4952-yuan-slips-to-one-year-lows-extending-losses-asia-financial-news.md) | +1.6% | +2.9% |
| USDCNY | 2020-02-20 | [Yuan falls to over 2-month low as China cuts lending benchmark \| Financial Post](https://feedsoft.ai/events/54795-yuan-falls-to-over-2-month-low-as-china-cuts-lending-benchmark-financial-post.md) | +0.3% | +0.7% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3748957

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