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Before yesterdayMain stream

China’s Weak Currency Is Powering Its Exports and Drawing Criticism

8 December 2025 at 12:18
China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.

© Chang W. Lee/The New York Times

An advertisement for a Xiaomi 17 Pro phone next to an Apple store in Shanghai. The weak value of the Chinese currency has hurt the ability of Chinese consumers to afford foreign brands.
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