Goldman Sachs analysts have revised their outlook on China’s AI-driven economic growth, forecasting a faster adoption rate and a greater impact on GDP than previously expected.

China's political, economic and social environment is "very conducive" to the development of the private economy and policies will be implemented to help ease difficulties faced by private firms, an official from the country's state planner told state broadcaster CCTV on Tuesday.

The dollar firmed on Tuesday as traders weighed tariff worries and the path to U.S. rate cuts, while the Australian dollar held steady near two-month highs after the Reserve Bank of Australia delivered an expected rate cut but cautioned on further easing.

The case for buying Chinese stocks is improving as markets soar after President Xi Jinping's recent meeting with business leaders, an AI breakthrough and slow start to U.S. tariffs, according to stock analysts at several investment banks.

Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon.

China's central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate.