A customer shops at a supermarket in Binzhou, Shandong province, on April 10, 2025. CHU BAORUI/FOR CHINA DAILY
China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States' tariff hikes, reiterating its commitment to the preset annual economic growth target, said economists and advisers who are close to policymakers.
The package, they said, is likely to include additional central government spending of at least 1 trillion yuan ($136.1 billion), cuts in interest rates and the reserve requirement ratio, and stronger subsidies for childcare, services consumption and affected businesses.
