| China vows to support workers affected by tariffs |
| China's top policymakers have committed to supporting firms and workers impacted by U.S. tariffs. A meeting of the Communist Party's Politburo highlighted the need to "stabilise employment, enterprises, markets, and expectations" amidst rising external shocks. To achieve this, the government plans to accelerate debt issuance, ease monetary policy, and enhance unemployment insurance for affected companies. Additionally, measures will be taken to strengthen financing support and promote domestic consumption. Despite a 5.4% growth in the first quarter, concerns about a potential downturn loom due to the tariffs, with Beijing urging Washington to remove them to facilitate negotiations. |
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