More Stimulus Measures Expected for Chinese Economy?
Arslan Butt • 1 min read
Could China be looking to introduce more fiscal and monetary policies to boost economic growth? According to comments from Chinese Vice Premier Liu He, this may just be something to look forward to.
On Thursday, Liu He stated that regulators in China should ensure ample liquidity in financial markets and boost efforts to support the economy. He made these statements while speaking at a financial forum in Shanghai, adding that the government has several policy tools to counter challenges to the economy.
Ever since trade tensions between US and China escalated, the Chinese economy has been struggling. With no resolution in sight, investors remain concerned if the slowdown will continue and grow, despite the government’s numerous policy easing measures.
Liu also stated, “At present, we do have some external pressures, but those external pressures will help us boost our self-reliance in innovation and accelerate the pace of high-speed development.” As the lead negotiator in trade talks with the US, his comments are worth noting to remain updated.