In response to escalating trade tensions with the United States, China has unveiled a series of measures aimed at bolstering its economy, including increased borrowing and further interest rate cuts. These steps reflect Beijing’s determination to stabilize growth and shield itself from the impact of
In response to escalating trade tensions with the United States, China has announced a series of measures aimed at boosting its economy.
These steps include increased borrowing and further cuts to interest rates, reflecting Beijing’s determination to stabilize growth and counter the impact of re-elected U.S. President Donald Trump’s tariff threats.
The U.S.-China trade war, initiated under Trump’s previous administration, has led to tariffs on hundreds of billions of dollars worth of goods exchanged between the world’s two largest economies. China, heavily reliant on exports to the U.S., has faced significant challenges from the prolonged dispute.
To counteract the tariff pressures, China’s government has loosened fiscal constraints, allowing for increased borrowing by local governments and state-owned enterprises. These funds will support infrastructure projects, job creation, and boost domestic demand.
The People’s Bank of China (PBOC) has also signaled further reductions in benchmark interest rates to encourage lending and investment.
China’s strategy aims not only to offset the immediate effects of tariffs but also to strengthen long-term economic resilience by reducing its dependence on exports to the U.S. Politically, the measures project an image of strength and resilience, sending a message to both domestic and international audiences that China’s economy can withstand external pressures from the U.S. trade policies.
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European Commission President Ursula von der Leyen announced a renewed drive to establish a unified capital market across the EU, aiming to unlock private investment for defence, digitalisation, and climate initiatives, with significant progress expected before summer.
Romania’s far-right presidential frontrunner George Simion said the country should be compensated for aiding Ukraine, as he clashed with centrist rival Nicusor Dan in a televised debate ahead of the decisive run-off vote.
India has proposed a steep reduction in average tariffs on U.S. goods - from nearly 13% to under 4% - in a strategic move to secure exemption from current and future tariff hikes under President Donald Trump, according to Indian officials familiar with the talks.
North Korean leader Kim Jong Un made a rare public visit to the Russian embassy in Pyongyang alongside his daughter on Friday, joining in celebrations for Victory Day and reaffirming his commitment to deepening the strategic alliance between North Korea and Russia.
European Commission President Ursula von der Leyen announced a renewed drive to establish a unified capital market across the EU, aiming to unlock private investment for defence, digitalisation, and climate initiatives, with significant progress expected before summer.
Romania’s far-right presidential frontrunner George Simion said the country should be compensated for aiding Ukraine, as he clashed with centrist rival Nicusor Dan in a televised debate ahead of the decisive run-off vote.
India has proposed a steep reduction in average tariffs on U.S. goods - from nearly 13% to under 4% - in a strategic move to secure exemption from current and future tariff hikes under President Donald Trump, according to Indian officials familiar with the talks.
North Korean leader Kim Jong Un made a rare public visit to the Russian embassy in Pyongyang alongside his daughter on Friday, joining in celebrations for Victory Day and reaffirming his commitment to deepening the strategic alliance between North Korea and Russia.
Pope Leo, the first pontiff from the United States, delivered his first Mass on Friday, expressing hope that his election would help the Church bring light to the "dark nights of this world."
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