花旗将今年中国GDP增长预测下调至4.2%。花旗等经济学家此前曾表示，在考虑到北京方面为减轻影响而采取的措施之前，关税可能会使中国2025年的整体出口下降15%以上。作为提醒，中国当局已着手寻求今年经济增长约5%的目标。

Citi slashes China GDP growth forecast for this year to 4.2%.Economists as Citi previously said that the tariffs could knock China overall exports by over 15% in 2025, before taking into account measures from Beijing to mitigate the impact. As a reminder, Chinese authorities had set out to seek a target of around 5% growth in the economy for this year.

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EU's von der Leyen says had constructive phone call with Chinese premier Li Qiang.von der Leyen says that she stressed on "a negotiated resolution to the current situation, emphasising the need to avoid further escalation". The "current situation" of course being issues caused by US tariffs, or as she puts it "widespread disruption".

人民币贬值：贸易紧张局势中的风险以及中国会让人民币贬值多远？。随着与美国不断升级的贸易战迫使北京方面做出艰难的政策决定，中国通过将每日参考汇率设定在备受关注的7.20美元大关之上，放松了对人民币的控制。由中国人民银行严格控制的人民币兑美元汇率跌至7.3363，为9月以来的最低水平

The yuan's descent: risks amid trade tensions and how far will China let it fall?.China loosened its grip on the yuan by setting the daily reference rate past the closely watched 7.20 per dollar mark, as the escalating trade war with the United States forces Beijing into difficult policy decisions. The yuan, which is tightly controlled by the People's Bank of China, dropped to 7.3363 to the dollar, the weakest level since September […]

周二，中国股市反弹，上证综指上涨1.58%，收于3146点，深证成分股上涨0.64%，收于9425点。在中美贸易紧张局势升级之际，北京方面采取措施稳定资本市场。几家中国国有企业宣布了股票回购和投资承诺，而中国人民银行表示支持主权财富基金中央汇金增加股票购买的决定，此举旨在提振市场信心。美国总统唐纳德·特朗普威胁称，除非北京方面取消对美国商品的关税，否则将对中国进口商品加征50%的关税，这加剧了贸易冲突。中国官员强烈拒绝了最后通牒，称其为“勒索”，并发誓要“战斗到底”以捍卫国家利益。值得注意的上涨股包括贵州茅台（+3.0%）、现代安培（+1.8%）和东方财富信息（+1.9%）。

Chinese equities rebounded on Tuesday, with the Shanghai Composite rising 1.58% to close at 3,146 and the Shenzhen Component gaining 0.64% to 9,425, as Beijing stepped in to stabilize capital markets amid escalating trade tensions with the United States. Several Chinese state-owned firms announced share buybacks and investment pledges, while the People’s Bank of China expressed its backing for the sovereign wealth fund Central Huijin’s decision to increase equity purchases—a move aimed at bolstering market confidence. The rally came even as US President Donald Trump intensified the trade conflict by threatening a 50% tariff hike on Chinese imports unless Beijing lifts its own duties on American goods. Chinese officials strongly rejected the ultimatum, labeling it "blackmail" and vowing to "fight to the end" to defend national interests. Notable gainers included Kweichow Moutai (+3.0%), Contemporary Amperex (+1.8%), and East Money Information (+1.9%).