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China vows to ready its emergency plans

Hindustan Times Ranchi

|

April 26, 2025

Signals Calm Amid Trade War

- Bloomberg

BEIJING: China said it will "fully prepare" emergency plans to ward against increasing external shocks, taking a patient approach in defending growth as a deepening trade war with Donald Trump piles pressure on the world's No. 2 economy.

The decision-making Politburo led by President Xi Jinping also pledged on Friday to set up new monetary tools and policy financing instruments to boost technology, consumption and trade, according to a readout published on the government's website. Such steps could allow for faster deployment of low-cost credit for investment in targeted areas.

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