China to host top-level meeting in retaliation to US tariffs, according to insiders
/Article


China's top leaders are planning to hold a meeting soon to discuss strategies aimed at boosting the economy and steadying the capital markets. The meeting, set to take place amid an increasing trade dispute with the U.S., is the first high-level gathering publicly known in response to the recent reciprocal tariffs announced by U.S. President Donald Trump. Attendees are expected to include senior officials from the State Council, along with various government and regulatory bodies, to explore ways to enhance domestic consumption and provide support to capital markets. Measures such as export tax rebates may also be on the agenda for discussion. The Chinese State Council Information Office, responsible for media enquiries, did not immediately comment. The implementation of potential plans to stimulate China's economy could occur in the near future. Reports suggest that Chinese state media will cover aspects of the meeting in an effort to calm economic and market conditions and rebuild confidence among the public. China faces challenges from a prolonged property crisis and high local government debt levels, impacting business and consumer sentiment. Premier Li Qiang stated that China is prepared to navigate uncertainties and external pressures effectively.

Leave a Reply