Markets are holding out hopes for an interim trade deal before the Dec. 15 deadline for new tariffs, although mixed signals from the United States last week and Beijing's insistence on the removal of existing tariffs has kept investors cautious.
The general consensus is that the two superpowers will eventually hammer out a partial pact as part of a wider agreement, which has fuelled a global equity rally for weeks, though comments from both sides -- both optimistic and downbeat -- are keeping dealers on their toes. A trade war with the United States has hobbled China's economy, with manufacturing bearing the brunt of the pressure.
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