24 October 2025, 10:05  China: Offshore Yuan Set for Steady Week.

The offshore yuan held steady around 7.12 per dollar, set for a relatively calm week as markets looked ahead to a much-anticipated meeting between Presidents Donald Trump and Xi Jinping. Trump is aiming to advance a broader agenda in the talks, potentially reviving discussions on a long-sought nuclear arms agreement and pressing Xi to use his influence over Russian President Vladimir Putin to help end the war in Ukraine. At the same time, he has signaled plans to extend the pause on significant tariffs against Chinese goods in exchange for renewed American soybean purchases, tougher enforcement on fentanyl exports, and eased restrictions on rare-earth materials. Meanwhile, China’s Fourth Plenum wrapped up on Thursday with the Communist Party pledging to accelerate its push for technological self-sufficiency, a goal that has taken on greater urgency amid tightening US curbs on access to advanced semiconductors and other critical high-tech components.

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