# The yuan remains well below levels justified by China’s export strength and external surplus.

*business · news · 2026-05-11 · Livemint*

## Key points

- Goldman Sachs estimates the Chinese yuan is over 20% undervalued versus the US dollar.
- Goldman now forecasts the yuan at 6.50 per dollar in one year, revising up its projections.
- China's external surplus is nearing unprecedented levels relative to global GDP, boosting yuan appreciation pressure.
- Recent People’s Bank of China fixings and higher exporter conversions indicate sustained yuan strengthening.
- Goldman asserts the fundamental case for a stronger yuan is independent of upcoming US-China summits.

**Companies:** Goldman Sachs Group Inc.
**Countries:** China, United States

[Read the full story on Livemint](https://www.livemint.com/market/goldman-says-yuan-20-undervalued-boosts-currency-forecasts-11778463412804.html)

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