11:07:36
中国 China
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The offshore yuan weakened to around 7.13 per dollar on Friday, following three consecutive sessions of stability, as the greenback gained some ground amid investors largely brushing off concerns about the US government shutdown. Markets drew confidence from historical data suggesting minimal fallout from similar past events. On the evolving US-China trade relations, President Donald Trump recently indicated that he intends to urge Chinese President Xi Jinping to boost US soybean imports during their upcoming meeting, as American farmers continue to suffer from the consequences of his trade disputes. Trump previously announced that he would meet with Xi on the sidelines of the APEC summit, set to take place in South Korea at the end of October. Additionally, he mentioned plans to visit China sometime next year. Despite Friday’s decline, the index remains on track to finish the week flat.
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