ECONOMY

China Reaffirms Economic Support Amid New US Tariffs

China
The reading marks a third month of growth, showing services remain a key stabiliser.

China has reiterated plans to boost support for jobs and the economy as its trade tensions with the Trump administration continue with no resolution.

Officials pledged to strengthen contingency plans and expand policies to stabilise employment and sustain economic growth, according to Zhao Chenxin from the National Development and Reform Commission.

Chinese leaders continue to reassure the public about supporting growth, even as record-high US tariffs pressure the economic outlook; Zhao expressed confidence in achieving a 5% expansion target for 2025.

Beijing emphasised the economy’s resilience in early 2025, highlighting stronger domestic demand than the previous quarter.

Despite external pressures, China is holding off on major new stimulus, signalling patience after announcing a record-high budget deficit.

China rejected claims of new trade talks with Trump’s administration, demanding the US remove all unilateral tariffs while maintaining its current stance.

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