China Boosts FiscalStimulus Amid Trade War
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•World
World
China ramps up stimulus to guard economy from changes 'unseen in a century'
77% Informative
China signals greater efforts to boost consumption as a means to ring-fence the economy's path towards this year 's roughly 5% growth target.
Premier Li Qiang warned that "changes unseen in a century are unfolding across the world at a faster pace" The trade war with U.S. President Donald Trump 's administration is threatening to crimp China 's economic jewel, its sprawling industrial complex.
China 's 5% growth rate last year was among the world's fastest, but it was hardly felt at street level.
While China runs a trillion dollar annual trade surplus, many people complain of unstable jobs and incomes.
"Further expanding the trade surplus is no longer a good strategy," says Andrew Xia , chief economist.
VR Score
89
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97
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