China’s $1.2 trillion trade surplus will increase calls for a stronger renminbi. Don’t expect much (opens in new tab)

<span>China’s $1.2 trillion trade surplus will increase calls for a stronger renminbi. Don’t expect much</span> <span>Expert comment</span> <span><span>jon.wallace</span></span> <span><time datetime="2026-01-14T17:20:40+00:00" title="Wednesday, 14 January, 2026">14 January 2026</time> </span> <p>A stronger currency may be coming but policymakers in Beijing face two dilemmas that will limit their appetite for exchange rate appreciation.</p> <div class="media media-teaser_landscape...