The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with ...
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
The Federal Reserve’s caution over future interest-rate cuts amid strong US data at a time when the PBOC is expected to ease its policy further is also pressuring Beijing to give in.