高盛：中国思考-自救行动正在进行，但关税拖累可能即将来临

8 May 2025 | 7:03AM HKT China Musings Self-help is underway, but tariff drags are likely on the way 1. China equity (MSCI China) has almost fully recovered its post-Liberation Day drawdown of 13% in the past 1 month, and has returned 12% ytd. Despite the unprecedented trade frictions with the US, China financial assets have been resilient so far, with the Rmb appreciating against the USD by 1.7% in the past month, and Chinese government bonds re-testing all-time highs in recent days. Commonly cited reasons ...