On Nov 14, Guotai Haitong macro chief analyst Yu Bo said China's exports are
likely to remain resilient in 2027. He noted historical simultaneous gains in
the exchange rate and export market share were driven mainly by improved
industrial competitiveness. With product upgrading and stronger risk management,
a gradual, modest RMB appreciation is compatible with export resilience; export
growth will be more sensitive to global demand, the AI supply-chain cycle and
changes in trade barriers.
