Country: CN | Published: 2026-09-21
Chinese markets head into the Trump-Xi summit with a firm tone, as the yuan touched a fresh multi-year peak after the central bank eased currency controls and the trade engine show
Chinese markets head into the Trump-Xi summit with a firm tone, as the yuan touched a fresh multi-year peak after the central bank eased currency controls and the trade engine showed continued strength. Rare earth magnet exports to the US have dropped ahead of the meeting, keeping a key bargaining chip on the table, while AI rivalry and access to advanced technology remain central sticking points in the talks. Domestically, the party's expulsion of two top generals on corruption and disloyalty charges adds a political undercurrent to an otherwise constructive pre-summit picture.