China Injects Monetary Stimulus to Shore Up Tariff-Hit Economy

Beijing enhances stock market aid tools; shares jump

- KEVIN YAO AND JOE CASH

CHINESE AUTHORITIES ANNOUNCED on Wednesday a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States.

The announcements come shortly after US and Chinese officials said Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official He Lifeng in Switzerland this weekend for talks.

The talks are the first opportunity for the two sides to de-escalate tensions after a protracted cat-and-mouse game over tariffs in which neither wanted to be seen as backing down. The tensions have roiled global markets and upended supply chains.