China responds to trade war impact with stimulus measures and agrees to talks with US

From Yahoo Finance: 2025-05-06 21:24:00

China implements measures to counter economic impact of Trump’s trade war, including interest rate cuts and reserve requirement reductions. Talks scheduled this week between top officials from both sides. Tariffs affecting both economies, China growing at 5.4%, US economy contracted by 0.3%. Support measures announced by China include rate cuts and reserve ratio reductions. Market reaction mixed, with initial gains in Hong Kong and Shanghai. Concerns remain about lack of demand despite easing lending conditions.

Read more: China rolls out more stimulus and agrees to trade talks with the US as tariffs hit economy