World’s Appetite for AI Makes China Less Afraid of Stronger Yuan

The global AI investment boom is powering a new wave of Chinese exports and making Beijing more comfortable with a stronger yuan.

The tightly managed onshore currency is set for a sixth quarter of gains against the dollar — a streak not seen since 2013. In the past, such a move would have drawn a more forceful response from Beijing, which is usually wary it could hurt exports and economic growth.

But even as the yuan climbed to its strongest level since 2023 and the economy looked more fragile, policymakers have shown little urgency to step in.

That’s in ...