China’s currency has had a rough start to 2025. It is nearing a 16-month low and many economists predict it has further to fall.

The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.

China's central bank is expected to deploy its most aggressive monetary tactics in a decade this year as it tries to stimulate the economy and soften the blow of impending U.S. tariff hikes, but in doing so it risks quickly exhausting its firepower.

China’s bond yields, including the benchmark 10-year government bond yield, have plummeted to their lowest levels on record with investors rushing to haven asse