Investment Bank Viewpoint: The probability of a "transactional" agreement between China and the United States is increasing, but China has no urgent pressure -- Citigroup

Citigroup believes that the likelihood of a transactional agreement between China and the United States is increasing, but China does not feel urgent pressure. The report points out that China may make cautious concessions on rare earth export controls in exchange for the United States easing some export controls or lowering tariffs. Despite a significant decline in exports to the U.S. in May, China's exports to other markets remain strong. It is expected that China's GDP growth rate in the second quarter will exceed 5%, and there will be no major policy changes before the Politburo meeting in July