In view of the rise in trade war with the United States, information sources reported that senior leaders of Chinese were expected to hold a meeting on Wednesday to discuss the policies and the stability of capital markets.
The meeting reached 104 per cent on Wednesday when US customs duties were doubled on Chinese imports. According to Reuters, it was the first high -level meeting announced since US President Donald Trump announced the imposition of “mutual” customs on China last week.
Two factions who have been asked not to identify, because they are not authorized to speak to the media, senior officials from the State Council and several government and organizational organizations are expected to attend the meeting.
Policy designers are expected to increase local use and discuss the measures to support capital markets. One of them said that programs such as export tax cuts could also be discussed.
Trump’s punitive customs functions have been in the world for decades -world trade system, increasing fears of stagnation and significantly reducing global stocks.
Analysts say that while Beijing has announced the imposition of anti -costoms on the United States last week, it is far from any country where Trump attacks or collect Chinese goods, although it pledged to fight for black mailing.
Senior officials of government agencies, including China People’s Bank (PBOC) and the Ministry of Finance, will be attending the meeting, sources said. The first source was the first source of the Banking Organizational Authority (National Financial Monitoring Administration) and the China Security Regulatory Authority.
The second source said that in the coming weeks, it will implement certain measures with the aim of stimulating the world’s second largest economy.
According to sources, the official Chinese media conference is expected to cover some part of the agenda; In addition to the revival of the authorities, the economy and the markets are trying to achieve the stability of the markets.
The rising trade war between the China and the United States comes when the Chinese economy licensed the real estate crisis and the high -level local government loan, which weakens the confidence of both companies and consumers.
“This year’s Chinese policies are taking into account the various aspects of uncertainty,” Beijing can hedge from negative external influences, ”said Lee Kiang, head of the Chinese state council on Tuesday.
Chinese stocks made some support on Wednesday; Where the state has pledged to support the local market and the growing focus on local technology organizations, it has reduced the strike from the latest phase of customs tariffs.
