Is Chinese currency getting stronger

Answer 1

Simple answer, yes.

There has been talk that the RMB is going to be on the gold standard, basically meaning the money is backed by gold reserves (Western currency used to have this but now is hardly worth the paper it's printed on)

Increasingly the Yuan is becoming the currency of traders aswell, for many years the dollar has generally been the main currency to trade in.

There was speculation that the Yuan would fall as China was in a bit of a housing bubble (as was the whole world) but the Chinese government firstly doesn't back the banks and companies as much as they do in the west and therefore won't have to foot the bill but secondly they have taken great steps to limit the problem and generally it hasn't affected the stability of the country as the west anticipated/hoped for.

Alternatively inflation is rising in China so on the ground the Yuan is not worth as much as it would have been, although again this is happening around the world, on the other hand wages and the standard of living are rising in China which they aren't in the west so most people can cope with the level of inflation.

As stated at the start the simple answer is: Yes, it is getting stronger and there is little chance it is going to take a tumble in the coming years, soon China will be the worlds biggest economy and then the US really will take a dip.

Answer 2

The strength of the Chinese currency can vary based on various factors such as economic performance, government policies, and global market conditions. As of now, the Chinese currency, the yuan, has been strengthening against the US dollar in recent months, but it can be subject to fluctuations.