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"China's stocks and currency came under pressure as markets reopened after a week-long break, amid a new trade dispute with the US and ructions in the global AI sector. Tariffs imposed by the US were less than initially indicated, and investors were relieved. China's central bank set the yuan midpoint at its strongest level since November 2024, indicating Beijing's reluctance to immediately resort to currency depreciation. The article highlights the impact of the trade dispute on China's economy and the potential for Beijing to take proactive measures to bolster confidence."
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