China’s exporters continued to gain global market share last year but the recent sharp rise in the renminbi against other emerging market currencies is likely to put them under pressure in 2015. US data show that the prices of imports from China have remained stable in dollar terms while import prices from other EMs have been falling. In recent weeks, the People’s Bank seems to have been intervening to keep the renminbi from weakening. It will come under pressure to allow the currency to slide if exports start to suffer.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services