China pledged more support for companies and workers adversely affected by US tariffs, according to the readout of a Friday meeting of the Political Bureau of the Communist Party. Policymakers signaled readiness to keep money supply loose by cutting interest rates and the reserve requirement ratio on banks, by accelerate debt issuance and by stabilizing the jobs market. Xinhua news agency said Chinese leaders vowed to "strengthen bottom-line thinking" in policies to support the economy.
Leading business executives in the US are expressing mounting unease about the unpredictable nature of trade policies, according to the Wall Street Journal report. Top CEOs from companies like American Airlines, PepsiCo and Procter & Gamble are voicing concerns that policy inconsistencies related to tariffs could negatively impact economic stability and the business investment.
China's economy is off to a solid start this year and continues to improve, People's Bank of China chief Pan Gongsheng said at an annual meeting of the IMF and World bank in Washington. He reiterated the nation's moderately loose" monetary policy to support growth and warned that trade wars disrupt global supply chains and threaten economic stability.
The week's Auto Shanghai 2025 showed that autonomous driving is rapidly transitioning from futuristic concept to tangible reality in China.(Click the headline to read full article.)