Gloria Yu’s bicycle export firm incurred heavy losses earlier this year due to rapid yuan appreciation and is now seeking better dollar risk management. At the Canton Fair in Guangzhou, exporters indicated plans to sell dollars on rallies, expecting further yuan strength. Despite Middle East tensions, China’s markets remain resilient, with the yuan near a three-year high. The central bank is balancing currency strength with exporter pressures, as rapid appreciation squeezes smaller firms lacking

Gloria Yu’s bicycle export firm incurred heavy losses earlier this year due to rapid yuan appreciation and is now seeking better dollar risk management. At the Canton Fair in Guangzhou, exporters indicated plans to sell dollars on rallies, expecting further yuan strength. Despite Middle East tensions, China’s markets remain resilient, with the yuan near a three-year high. The central bank is balancing currency strength with exporter pressures, as rapid appreciation squeezes smaller firms lacking hedging capacity.