A Chinese central bank adviser and other experts are recommending that China implement a massive $209 billion stimulus package over the next year to combat economic challenges from US tariffs. They argue China’s economy is under strain from deflation, a weak property sector, and reduced exports due to 20-30% US tariffs.
The proposed response includes lowering interest rates, encouraging banks to cut lending rates, and keeping the yuan flexible to handle external pressures. The experts also suggest tax reforms like expanding income tax coverage and simplifying sales tax structures
PBOC adviser calls for USD209bn in China stimulus
