The offshore yuan edged up to around 6.84 per dollar on Thursday, halting its recent decline as stronger-than-expected PMI data signaled resilience in China’s economy despite rising external headwinds. Official figures showed the manufacturing PMI eased slightly to 50.3 in April from 50.4 in March, but still beat expectations of 50.1 and remained in expansion territory for a second straight month. A private survey also showed the manufacturing PMI climbing to 52.2 from 50.8, topping forecasts of 51 and marking its strongest level since December 2020. China’s strategic petroleum reserve management and continued investment in renewable energy have helped cushion the economy from external shocks linked to Middle East tensions. Meanwhile, US President Trump is expected to visit China between May 14 and 15, with reports suggesting Chinese President Xi Jinping will prioritize Taiwan, marking a shift from their last meeting in South Korea, where the issue was set aside.