China Prepares Stimulus to Support Economy Amid New Trade War with US - Bloomberg
Kyiv • UNN
Chinese leadership is considering stimulating consumption, birth rates, and export subsidies due to US tariffs. A stabilization fund to support the stock market is being discussed.
Over the weekend, Chinese leaders discussed possible measures to stabilize the economy and financial markets to counter increased tariff pressure from the United States. This was reported by Bloomberg, writes UNN.
Details
According to media reports, citing its own sources, senior Chinese leaders and senior officials of state structures, including financial regulators, have been meeting for the past three days and considering the possibility of adopting some measures that were planned before Trump introduced tariffs.
The measures will be aimed at stimulating consumer spending, birth rates and subsidies for certain types of exports. Regulators also discussed details of a stabilization fund to support their stock market, one of the people said.
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Officials have so far concluded that China has accumulated a sufficient arsenal of instruments to support its economy and overcome the current turmoil. The scale and timing of the stimulus have not yet been determined, and the plan could still be changed.
Recall
Earlier, The Wall Street Journal reported that China continues to step up its response to new tariffs imposed by the Trump administration.