Reported about 21 hours ago
A member of the People's Bank of China's monetary policy committee suggests that China should implement a stimulus package of up to 1.5 trillion yuan ($209 billion) to boost consumer spending and help counteract the economic impact of US tariffs, which could be dragging growth down. The report emphasizes the need for a stronger counter-cyclical approach to maintain stable growth and recommends measures to increase household consumption and enhance tax structures for better fiscal sustainability.
Source: YAHOO