China rolls out policy package to guard against US tariffs
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The People's Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission held a joint press conference on Wednesday to present their plan for stabilising markets and expectations.
The conference came as hopes run high for more support to be extended to exporters in doubt over their futures as US tariffs remain in the stratosphere. Aid to vulnerable private and small businesses, measures to stabilise the job market and more tools to boost domestic consumption were also expected.
Stability is also high on the government agenda as US President Donald Trump's tariff blitz threatens to spill over to financial systems worldwide.
Reporting by Ji Siqi, Mandy Zuo, Luna Sun, Alice Li and Fan Chen.
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