The offshore yuan appreciated past 6.98 per dollar on Wednesday, remaining near the fifteen-month high reached in the previous session and on track for its biggest annual gain since 2020, as better-than-expected PMI data bolstered market sentiment. Official data showed China’s composite PMI rose to a six-month high of 50.7 in December 2025, with the manufacturing PMI returning to growth for the first time since March (50.1 vs 49.2 in November) and the non-manufacturing PMI also reaching a five-month high (50.2 vs 49.5). Meanwhile, a private survey indicated that manufacturing PMI unexpectedly increased to 50.1 in December from a four-month low of 49.9. These encouraging figures support China’s growth target of around 5% for this year. However, the yuan’s rapid appreciation has prompted state media to caution against one-way bets, with the central bank pledging to curb “overshooting risks” and setting its daily yuan fixing below market expectations for the past two weeks.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market



