According to Reuters’ report, China’s senior leadership is scheduled to meet on Wednesday to craft strategies aimed at stimulating the economy and shoring up capital markets, amid rising tensions from an escalating trade dispute with the U.S.
These discussions take on urgency as experts warn that the trade conflict with the U.S. could potentially dent China’s economic growth by up to two percentage points, exacerbating industrial surplus issues and economic challenges.
This gathering, set to include top officials from key government and regulatory entities—including the State Council, the People’s Bank of China, and other financial regulators—marks the first known assembly of its kind since President Trump’s recent tariff increases on Chinese imports.
The policymakers are expected to evaluate measures to invigorate domestic consumption and uplift market stability, with considerations for enhancing export tax rebates as an incentive for homegrown businesses on the agenda.
Economic pressures have intensified for China as it confronts a troubling property market and swelling local government debts, undermining both business and consumer sentiments.
Trump’s aggressive tariff policies have disrupted the long-standing global trade balance, stoking fears of recession and unsettling international markets. Last week, China’s immediate response with counter-tariffs signaled its readiness to retaliate, yet analysts note Beijing’s precarious position amid Trump’s broader tariff blitz.
