By SCMP
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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.
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.
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?Illustration: Lau Ka-kuen
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