Trump, Xi meet at White House; trade extension, tech, Taiwan in focus
President Trump hosts Chinese President Xi at White House; discussions cover trade, tech, Taiwan, Iran with no firm outcomes.
President Trump hosts Chinese President Xi at White House; discussions cover trade, tech, Taiwan, Iran with no firm outcomes.
Boeing is struggling to finalise a 200-jet China deal as expectations for a large order at the Trump-Xi summit fade.
Mainland China markets are closed Friday for Mid-Autumn Festival, with a week-long Golden Week break starting October 1.
The ADB kept its China growth forecasts unchanged but cut the inflation outlook, pointing to soft demand. It slightly raised the Asia growth forecast.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.6971, as the fixing signals caution over yuan strength.
Trump-Xi meeting set for this week as both sides signal modest trade ambitions; Busan truce expected to be extended.
PBOC set the yuan central rate at 6.7459 per dollar versus a 6.6989 forecast, the strongest since February 3, 2023.
China has scheduled its fifth plenum for Oct 26-29 in Beijing; markets will watch for economic signals amid the Trump-Xi summit backdrop.
Ahead of the Trump-Xi summit, China remains steady with record trade surplus, while markets expect only a truce extension, not a major deal.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.6951, with the fixing mechanism signalling concerns over yuan appreciation pace.
Bessent called US-China talks 'very successful' as the Board of Trade became operational ahead of a Trump-Xi summit.
China kept its one-year and five-year loan prime rates unchanged for the 16th straight month, as the Fed's rate hike limited policy space.
China privately asked Iran to help rein in Yemen's Houthis after a Saudi appeal, sources say.
PBOC expected to fix USD/CNY at 6.7241; recent moves show concern over pace of yuan gains.
Nike shares hit a 12-year low near $35.80 on Wednesday amid China weakness, tariff costs and turnaround doubts, after price target cuts from Telsey and Baird.