Trump’s imminent return to the White House is throwing Chinese markets into turmoil
The threat of new tariffs is heightening mistrust among investors as China’s central bank pledges to maintain exchange rate stability
China’s economy got off to a tricky start this year. With Donald Trump already wielding the tariff scythe, the Chinese yuan has fallen to its worst price against the U.S. dollar in 16 months; add to this new holes in the Asian giant’s stock market, after a roller coaster end to 2024 — a meteoric rise, followed by a frenzy of buying and selling triggered by Beijing’s official stimulus announcements and rumors about possible measures to invigorate the economy.
