The dollar is already elevated at current levels around 7.3 yuan, and "to break this level significantly higher is not realistic," said Ju Wang, head of Greater China FX and rates strategy at BNP ...

The yuan is under pressure due to US tariff threats and a strong dollar on the back of upbeat economic data, Wang Tao, the bank’s chief China economist, told Bloomberg Television on Tuesday.

China's trade growth last year reached 2.1 trillion yuan, matching the annual trade volume of a medium-sized economy, Wang Lingjun, deputy head of the GAC, said at a press conference on Monday.