China has intensified efforts to stabilize the weakening yuan, with the People's Bank of China (PBOC) announcing a series of policy measures aimed at maintaining the currency's stability. PBOC Governor Pan Gongsheng emphasized the central bank's commitment to preventing the risk of the exchange rate overshooting, highlighting the priority of maintaining the general stability of the yuan amid a strong U.S. dollar. The PBOC has vowed to step up counter-cyclical policy adjustments and continue taking measures to keep the yuan exchange rate stable at reasonable and balanced levels. These efforts come as investors brace for a gradual weakening of the yuan against the dollar, influenced by rapidly falling domestic interest rates and the looming threat of tariffs by U.S. President-elect Donald Trump. China's economy is expected to have achieved its 2024 full-year economic growth target of around 5%, supported by these incremental policies.