Analysis-China holds off on new stimulus, shows composure in US trade war - Regional Media News

China Opts to Keep Its Powder Dry, Defers Unveiling New Stimulus

Beijing has deferred plans to unveil new stimulus, despite vowing on Friday to support firms and workers hit hardest by triple-digit tariffs on Chinese goods. The Communist Party’s top decision-making body, the Politburo, has opted to implement policies quicker rather than launch new deficit spending measures, preferring to maintain composure. The move appears to be a bet on Washington blinking first in a protracted trade war, but is designed to…

Analysis-China holds off on new stimulus, shows composure in US trade war - Regional Media News

By Kevin Yao BEIJING (Reuters) -China has advanced this year’s stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war. The Communist Party’s elite decision-making body, the Politburo, pledged on Friday to support firms and workers most affected by triple-digit U.S. tariffs on Chinese goods, but stopped short of announcing additional deficit spending. T…

China reaffirms growth target, holds back on major stimulus - Action Forex

China pledged its full confidence in achieving this year’s growth target of around 5%, vowing to implement timely and multiple support measures as the country is now in full-fledged trade war with the US. However, no major stimulus was announced immediately, giving the impression that Beijing is not in a rush to roll out large-scale interventions. Authorities appear inclined to first monitor the trade shock’s timing and magnitude before deciding…