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Summary The People’s Bank of China sets yuan midpoint rate at 7.1991 per US dollar, its lowest in 14 months. Yuan faces sharp depreciation pressure after Donald Trump’s re-election and tariff threats. Economists highlight the need for stronger domestic policies to stabilize China's economy. Beijing on Wednesday set the yuan’s daily reference rate at 7.1991 per US dollar, marking its lowest level in 14 months as external pressures mount. The People’s Bank of China (PBOC) made the adjustment following heightened trade tensions with the re-election of Donald Trump, who has threatened to impose a 60% tariff on all Chinese imports. The change highlights the challenges Beijing faces in balancing exchange rate stability with economic growth.

Summary China rolls out a $1.4 trillion debt swap for local governments, delaying further stimulus for now. Announcement follows expectations of enhanced fiscal measures in response to Trump’s re-election. Analysts remain cautious as Beijing braces for potential trade tensions under Trump’s new presidency. China unveiled a significant debt-relief initiative on Friday, offering local governments a lifeline of 10 trillion yuan ($1.4 trillion) to restructure “hidden” debts. However, officials refrained from launching additional stimulus packages, a decision seen as preserving resources for a possible escalation in trade tensions under President-elect Donald Trump, who has proposed substantial tariffs on Chinese goods.

Summary China ramps up diplomacy and tech self-reliance, preparing for potential Trump-led trade conflicts. Economic stimulus anticipated, with China’s economy more vulnerable than in 2016. Tech industry braces for expanded U.S. export controls and sanctions under Trump. As Donald Trump re turns to the White House, China is implementing a strategy aimed at mitigating economic risks and reinforcing ties with international allies. Unlike the first Trump presidency, which saw a trade war erupt between the two economic superpowers, Beijing is now focusing on bolstering diplomatic relations, fostering tech self-reliance, and planning economic safeguards for its more fragile economy.

Summary Manolo Blahnik opens its first boutique in Shanghai after a 22-year legal struggle over trademark rights. Plans include opening one new store annually in China for the next five years, with Beijing and Chengdu next on the list. Launch comes as China’s luxury market faces challenges, but Manolo Blahnik remains optimistic about its prospects. After a prolonged 22-year legal battle, luxury shoemaker Manolo Blahnik has finally opened its first store in mainland China. Known for its high-end designs and pop culture status, including frequent appearances in the TV show Sex and the City , the brand’s new boutique in Shanghai’s Plaza 66 luxury mall marks a significant milestone in its expansion into the Chinese market.

Summary The U.S. dollar ends a turbulent week with slight gains, boosted by renewed optimism following Donald Trump's election victory. Market focus shifts to China's NPC Standing Committee meeting, with investors eyeing possible stimulus measures to support the yuan. The Federal Reserve and Bank of England both cut interest rates, signaling cautious approaches in the face of inflation concerns.   Th e U.S. dollar steadied on Friday as markets reacted to Donald Trump’s return to the White House and what it could mean for U.S. economic policy and interest rates. As the week ends, global attention turns to China's National People's Congress (NPC) Standing Committee, which concludes a five-day meeting on Friday. Investors are hopeful that the committee will unveil economic stimulus measures that could provide a boost to the yuan and positively impact currencies often linked to Chinese economic performance, such as the Australian dollar.

Summary China’s ambassador warns against the consequences of trade and technology wars following Trump’s election victory. Encourages U.S. companies to continue investing in China, highlighting recent corporate successes in the region. Calls for strengthened U.S.-China cooperation on global issues like climate change and artificial intelligence. China’s ambassador to the United States, Xie Feng, stressed the importance of cooperation over confrontation in a spee ch following Donald Trump’s election victory. Speaking at a U.S.-China Business Council dinner, Xie warned that neither nation would benefit from heightened tariffs or technology disputes. His comments, published on the Chinese embassy’s website, come as Trump’s proposed 60% blanket tariffs on Chinese imports spark fresh concerns about economic stability.

Summary Chinese EV makers express confidence in European market entry despite EU tariffs. Industry leaders cite price and production advantages as key competitive strengths. Tariffs of up to 35.3% are unlikely to deter Chinese EV brands, according to officials. In a show of resilience, China’s electric vehicle manufacturers are pressing forward with plans to expand in the European Union market, even as tariffs of up to 35.3% loom. Speaking at the China International Import Expo (CIIE) in Shanghai, industry officials affirmed their commitment to competing abroad, citing competitive pricing and efficient production capabilities as the backbone of their strategy.

Summary Xpeng launches its Kunpeng hybrid system, positioning itself against rivals in China's hybrid EV market. The Kunpeng system offers a range of over 1,400 km, expanding Xpeng’s reach in areas with limited EV charging infrastructure. CEO He Xiaopeng hints at significant global expansion, aiming for 60 markets by 2025. Xpeng Motors has unveiled the Kunpeng Super Electric System, a cutting-edge hybrid technology allowing vehicles to achieve over 1,400 kilometers of extended range, with a pure-electric range of 430 kilometers. Presented at Xpeng’s AI Day in Guangzhou, the system marks a shift toward hybrids that can meet varied market demands and overcome limitations in EV charging infrastructure worldwide.

Summary China congratulates Donald Trump on his U.S. presidential victory and calls for a pragmatic approach to bilateral relations. Trump’s victory renews concerns over possible tariff hikes, with China’s economy already facing challenges. The China Daily advocates for enhanced dialogue to avoid escalating trade tensions. China extended congratulations to Donald Trump following his win in the U.S. presidential election, while an official Chinese newspaper, China Daily , emphasized the need for a “pragmatic” approach to managing China-U.S. differences, particularly as fears of heightened trade tariffs loom.

Summary China's property market crisis and high debt levels have weakened its economic foundations. Consumer spending remains low, while deflationary pressures threaten growth. Limited currency flexibility restricts China’s ability to offset the impact of high tariffs.   The Tariff Threat Returns In a surprising twist, former U.S. President Donald Trump’s re-election brings renewed threats to impose tariffs as high as 60% on Chinese imports, reigniting a trade war at a crucial time for the Chinese economy. Unlike the previous rounds of tariffs under Trump’s administration, which ranged from 7.5% to 25%, the stakes are significantly higher now. China's economic landscape has changed considerably, with vulnerabilities that could intensify the impact of these new tariffs. Here’s a look at the factors making China’s economy more vulnerable to this potential tariff shock.

Summary Canada orders TikTok's Canadian operations to be dissolved but does not restrict app access for Canadians. TikTok announces plans to challenge the shutdown order in court. Canada’s move follows prior bans on TikTok from government-issued devices over privacy risks. In a significant national security move, Canada has ordered TikTok's Canadian business operations to shut down, citing risks related to the platform's parent company, ByteDance, headquartered in China. However, the Canadian government clarified that it is not banning the popular short-video app outright, allowing Canadians to continue using TikTok and creating content on the platform.

Summary Chinese and Hong Kong stocks open lower, reflecting concerns over Trump’s tariff threats. Exporter stocks lead declines, with further losses anticipated amid U.S. political developments. Investors look to a Chinese leadership meeting for potential economic stimulus announcements. Chinese and Hong Kong stocks dropped at market open on Thursday, driven by investor concerns over the implications of Donald Trump’s re-election on trade relations and security tensions. The potential for increased tariffs and an intensified trade conflict with the U.S. weighed heavily on the markets, with a particular impact on exporters.