🇨🇳 China's rate freeze extends to 13 months, but the export surplus propping up the yuan looks increasingly fragile into H2

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🇨🇳 China's rate freeze extends to 13 months, but the export surplus propping up the yuan looks increasingly fragile into H2

Macro Soup Newsroom June 24, 2026 3 min read

The PBOC held the one-year LPR at 3.00% for a 13th consecutive month. YTD FDI fell −8.6% through May, and the export surplus supporting yuan stability looks increasingly fragile into H2 2026.

China's Ministry of Commerce data showed 25,297 new foreign-invested firms in the first five months, up 5.3% year on year, even as actual FDI inflows contracted 8.6%. Source

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🇨🇳 China's rate freeze extends to 13 months, but the export surplus propping up the yuan looks increasingly fragile into H2

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