Reported 1 day ago
Chinese leaders have outlined plans to boost government spending and relax monetary policies to stimulate investment and consumer spending as they face potential tariff increases from President-elect Trump. While current economic indicators show growth slightly below the government's 5% target, officials are focused on enhancing citizen well-being and addressing poverty. The government intends to raise the national deficit and pursue looser monetary policies to make credit more accessible, marking a shift from their previous conservative stance. However, ongoing uncertainty regarding U.S. trade policies may affect China's decisive actions.
Source: YAHOO