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Mainland China stock markets are on the back foot after US-China trade tensions rose following increased tariffs on imports of Chinese semiconductors, electric vehicles, steel and batteries.
The measures effective from Monday range from the removal of restrictions on homebuyers to support for the funding needs of developers.
China’s economy grew more strongly than expected in the first quarter though pressures and challenges from insufficient demand persist,
Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.
Xi Hints At Tweak In China Covid Strategy Amid Worst Outbreak Since Wuhan : Rashtra News #Hints #Tweak #China #Covid #Strategy #Worst #Outbreak #Wuhan Health workers around a locked down neighbourhood after the detection of new cases of Covid in ShanghaiChinese President Xi Jinping has pledged to reduce the economic impact of his Covid-fighting measures,