The USD/CNY exchange rate rose to 7.1389 on September 2, 2025, up 0.08% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.58%, but it's down by 0.29% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on September of 2025.

This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our estimates corroborate and explain most of the previous estimates. More importantly, our estimates demonstrate that there is no significant undervaluation in the REER of the RMB though downward misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is the primary and necessary solution to the current global trade imbalance.

In July 2025, the exchange rate of yuan to U.S. dollar was ****. In the past decades, the yuan has undergone a slow liberalization, being increasingly exposed to the international money market. FOREX history of the Renminbi After the Communist Party took control over China, it introduced a unified currency which has since then undergone many changes. During the planned economy, the yuan had a fixed exchange rate. At the time, the currency’s exchange rate was deliberately set high to support the industrial development, which relied on imports. After the country committed to opening its economy, the Renminbi was gradually exposed to the supply and demand of the global FOREX markets. Until 2005, the yuan remained pegged to the U.S. dollar. Currency manipulator, or not? As China manifested its role in the global economy, the country was repeatedly accused of manipulating the value of its currency. Especially, voices from the United States claimed that Beijing would intentionally keep the value of the yuan low. A cheap Renminbi would make products from China more attractive for foreign buyers which in turn would support the country’s export-driven economy. However, currency manipulation is difficult to make out and even harder to prove, which is why no significant actions have been taken.

Prices for USDCNY US Dollar Chinese Yuan including live quotes, historical charts and news. USDCNY US Dollar Chinese Yuan was last updated by Trading Economics this September 2 of 2025.

In 2022, the market size of the Chinese biological recognition technology amounted to almost ** billion yuan. Together with natural language processing and machine learning, computer vision is one segment of the country's blossoming artificial intelligence industry.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

In 2024, Baidu spent more than ** billion yuan on research and development, which was * billion yuan lower compared to the previous year. Having started out as China’s largest search engine, Baidu has branched out into developing several more technologies within the AI sector, particularly voice assistant and autonomous driving. The Chinese AI pioneer In 2023, China’s artificial intelligence market size amounted to three times its size back in 2019. For a long time, it has been clear for Baidu that AI will be the future tech arena. In 2013, it opened an AI research lab in Silicon Valley, developing technologies like visual perception, speech recognition, and human-machine interaction. Baidu’s active AI venture made it the largest owner of machine learning and AI patents in 2022. Baidu’s AI investments Among all trending arms of AI, Baidu has gained a foothold in voice control systems and smart vehicle software. Its self-developed voice assistant DuerOS reported billions of monthly voice queries, and its smart speaker Xiaodu accounted for nearly ** percent of all smart speaker shipments in China. When it comes to self-driving car systems, Baidu was among the second-largest owners of autonomous driving patents worldwide in 2022. The AI race has not ended here; the tech company is currently looking into other opportunities, such as robots and smart healthcare.

In 2024, the value of personal housing loans in China amounted to ************** yuan, representing a slight drop of *** percent compared to the previous year. The overall value of outstanding mortgages more than doubled between 2016 and 2021 before it plateaued afterwards. A key factor to the growth of the real estate market China's personal housing loan market emerged in the 1990s in tandem with the marketization of the country's real estate sector. Its subsequent expansion also mirrored the growth in the property industry. Thanks to the dramatic rise in home prices across China since the early 2000s, substantial capital has poured into the market through real estate development loans and personal housing credits. For almost two decades, many Chinese middle class citizens accumulated their personal wealth through the considerable appreciation of their properties, which they financed with the help of mortgages. Risks The persistently high level of outstanding personal mortgage is becoming increasingly concerning amidst China’s current economic and market situation. With the country’s economic slowdown and the oversupply in the property sector, the housing market is losing steam, resulting in elevated risks of bad debts to financial institutions. At the same time, the household debt in China is now staying above ** percent of the country’s GDP, undermining the ability to consume and invest in the Chinese population.

In 2023, the assets under management (AUM) under the Mutual Recognition of Funds agreement in Hong Kong valued at almost ** billion yuan. At the same time, the MRF fund assets in mainland China had a total value of *** billion yuan. Mutual Recognition of Funds is an agreement between mainland China and Hong Kong that allows investment funds to be distributed in two markets.