Economists predict the Chinese yuan is poised for a stronger global role, driven by increasing doubts surrounding the US dollar and China's strategic push to support domestic companies in global expansion.

• The yuan rose to 7.0644 per dollar on Monday, its strongest level since October 2024.
• Goldman Sachs forecasts the currency could appreciate to around 6.6 per dollar by 2027.
• The People's Bank of China Governor Pan Gongsheng stated China will comprehensively enhance the international currency functions of the renminbi, including pricing, payment, investment, financing, and reserves.
• The yuan is China's largest cross-border settlement currency and ranks third in the International Monetary Fund’s Special Drawing Rights basket.
• Overseas investors currently hold only around 3 to 4 percent of onshore stocks and bonds by market value.