Citi’s China-US corridor thrives as mainland firms hedge risks amid trade turbulence

Escalating US-China trade friction has failed to dampen corporate activity between the two economies, with Citi reporting steady revenue growth on its North America-China corridor as Chinese companies aggressively deploy risk-hedging strategies to protect their global market share. Instead of retreating from the US market, mainland Chinese firms had leaned heavily on global institutions to navigate financial friction and complex supply chains, Citi’s Greater China executives said at a media...