China’s offshore yuan jumps to 6-month high as tariff rollback likely: analysts

China’s 6 Biggest Banks Report $1 Billion Profit Drop

China’s six largest banks have posted first-quarter reports with a significant drop in both earnings and profits. Experts said the profit drop in China’s banking industry indicates a stalling economy, which will continue to worsen as the effects of the tariff war between China and the United States kick in. The six Chinese major banks, which are all state-owned—Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, C…

China’s offshore yuan jumps to 6-month high as tariff rollback likely: analysts

Washington’s weaponisation of tariffs casts doubt on US asset safety, and some say this makes yuan assets more attractive.