China signals it's prepared to double down on support for the economy as Trump tariffs loom.
Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending.
Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President Xi Jinping's guidance and a pledge to “enrich and refine the policy toolbox” One of the biggest: threats by President-elect Donald Trump to sharply raise tariffs on imports from China once he takes office.
China's economy has been growing slightly more slowly than the “about 5%” target leaders set for this year.
Who pays, and how?
The leaders committed to raising China’s deficit, which has been long capped at 3% of its GDP, and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth.
Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending.
Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President Xi Jinping's guidance and a pledge to “enrich and refine the policy toolbox” One of the biggest: threats by President-elect Donald Trump to sharply raise tariffs on imports from China once he takes office.
China's economy has been growing slightly more slowly than the “about 5%” target leaders set for this year.
Who pays, and how?
The leaders committed to raising China’s deficit, which has been long capped at 3% of its GDP, and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth.
13 days ago
