China’s leadership, led by Xi Jinping, pledged to offer targeted support to businesses impacted by US tariffs. This approach aims to avoid an expansive stimulus while focusing on selective aid, indicating a shift towards bolstering the economy through domestic market enhancement.
The response follows rising tariffs exceeding 100%, prompting forecasts for slower growth in 2025. Authorities emphasize aiding struggling exporters and increasing household income as a strategy to maintain economic stability.
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