Chinese Economist Predicts Yuan Could Strengthen Against US Dollar

A top economist in China thinks the yuan might get stronger compared to the US dollar, maybe even past 7.

This could happen if the US economy weakens, if interest rates go down, or if people trust the dollar less.

A new trade deal between the US and China could also help.

Even though the dollar has become weaker, the yuan hasn't gotten much stronger, which makes some people think China might be trying to weaken its currency.

However, the economist says China's main goal isn't to make the yuan weaker but to keep the value steady and avoid big changes that could cause problems for businesses.

They want to focus on helping the Chinese economy grow and create jobs.