Yuan kept stable against US dollar, Trump downplays China tariffs: SCMP daily highlights
From Trump dismissing Beijing’s retaliatory measures to key science breakthroughs, here’s a round-up from today’s China and economy coverage
1. China keeps yuan stable against US dollar: what it means for the trade war
China’s central bank set a stronger-than-expected fixing rate for the yuan against the US dollar on Wednesday, signalling that China does not plan to offset the impact of US tariffs by allowing its currency to weaken.
2. Trump downplays China’s retaliatory tariffs, ‘in no rush’ to talk to Xi
US President Donald Trump dismissed the implications of retaliatory measures that Beijing enacted against the United States following Washington’s imposition of 10 per cent tariffs on imports from China, stating he is “in no rush” to talk to the country’s president, Xi Jinping.
3. How China’s humanoid robot innovations fuel cutthroat competition with US
China, fuelled by recent successes from DeepSeek and Unitree, is making a play for pole position in humanoid robots. Can the US hold its ground?