China Touts Policy Space in Shielding Economy From Trade War
- Finance minister says fiscal stimulus room available if needed
- Central bank governor repeats plans to cut rate, reserve ratio
Buildings in Pudong's Lujiazui Financial District in Shanghai.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
China’s top economic officials said they have carved out plenty of room to act in the face of uncertainty and risks, after their country set an ambitious growth target for 2025 despite higher US tariffs.
The central government has ample fiscal policy tools and space to respond to possible domestic and external challenges, Chinese Finance Minister Lan Fo’an said at a press briefing in Beijing on Thursday on the sidelines of the annual legislative session.