PBOC Adviser Urges $209 Billion Stimulus to Offset Tariffs

China should add as much as 1.5 trillion yuan ($209 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on growth, academics including an adviser to the country’s central bank said.

The Chinese economy has been facing “new disruptions” since April from rising levies in addition to persistent deflation, according to a Friday report by Huang Yiping, a member of the monetary policy committee of the People’s Bank of China, and two other experts.