China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending.

Leaders of the ruling Communist Party wrapped up their two-day Central Economic Work Conference on Thursday with praise for President Xi Jinping’s guidance and a pledge to “enrich and refine the policy toolbox” and defuse risks facing the world’s second-largest economy. One of the biggest: threats by President-elect Donald Trump to sharply raise tariffs on imports from China once he takes office.

Here’s a look at the priorities outlined in this week’s meetings in Beijing and their potential implications.

Read more