Deutsche Bank: The drop in tariffs supports the Call on the Renminbi.

Recently, the Chief Economist for China at Deutsche Bank, Xiong Yi, and the Asia Macro Strategy Analyst, Perry Kojodjojo, published Research Reports analyzing the key economic points of this tariff adjustment. In April of this year, Deutsche Bank research suggested a Call on the offshore yuan, as the decline from peak tariffs further supports this forecast. It is also believed that there is room for further upward adjustment in the forecast for China's economic growth, considering the goal of achieving around "5%" growth for the entire year, and it is expected that China will adopt more proactive policies.