Reported about 12 hours ago
As President Xi Jinping prepares for China's National People's Congress, his administration is set to unveil a significant economic stimulus plan in light of rising trade tensions with the US. With Donald Trump's impending tariffs potentially undermining recent economic momentum, Beijing is expected to raise its budget deficit target and pivot towards bolstering domestic demand. Analysts predict a growth target of around 5%, but warn that the stimulus measures may not be robust enough to offset external challenges, particularly if the trade war escalates.
Source: YAHOO