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China Signals More Stimulus Measures Planned

  • Politburo meeting says “downward pressure” is increasing
  • Jamie Dimon says U.S.-China trade standoff no longer skirmish
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China signaled further stimulus measures to support the economy. Tom Mackenzie reports.(Source: Bloomberg)
Corrected

China’s leadership signaled that further stimulus measures are being planned, as disappointing economic data showed that the current piecemeal approach isn’t working.

The nation’s economic situation is changing, downward pressure is increasing, and the government needs to take timely steps to counter this, according to a statement from a Politburo meeting Wednesday chaired by President Xi Jinping.