China's 5-Year Plan: Manufacturing Focus to Impact USD/CNY, Commodity FX

China's unveiled portions of its 2026-2030 five-year plan signal continued emphasis on manufacturing and technology sectors, potentially affecting USD/CNY and commodity-linked currencies. The plan reinforces China's commitment to industrial self-sufficiency, which could reduce import dependence and impact global trade flows. This manufacturing-centric approach may strengthen the yuan against trading partners' currencies as export competitiveness improves. However, concerns about overcapacity and potential trade tensions with the US and Europe could limit CNY appreciation. For commodity currencies like AUD/USD and USD/CAD, China's manufacturing focus suggests steady but not accelerating raw material demand. Traders should monitor potential policy responses from Western nations, particularly regarding tariffs or trade restrictions. Technical levels for USD/CNY remain range-bound between 7.10-7.25, with the plan's implementation likely to provide medium-term directional clarity.