China State Media Hints at Rate Cuts to Counter Trump’s Tariffs
Chinese stocks rose for a third day, reflecting continued investor expectations of more stimulus support from Beijing as well as hopes for a possible trade deal with the US.
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A Chinese state newspaper suggested it’s time to ease monetary policy to support the economy as rising trade tensions with the US threaten its growth outlook.
The Securities Daily published a front-page commentary on Thursday saying it is an appropriate time for the Chinese central bank to cut interest rates and banks’ reserve requirement, a sign Beijing may soon move to offset headwinds brought on by soaring tariffs.