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MNI: China Domestic Stimulus Needed To Counter Trump-Advisors

Policy advisors in Beijing assess the implications for China of Donald Trump's return to the presidency.

MNI (BEIJING) - Beijing will intensify efforts to stimulate domestic demand should U.S. President-elect Trump impose higher tariffs after taking office, while accelerating free-trade negotiations with other partners particularly among the BRICS, policy advisors told MNI.

Chinese leaders will move to stimulate internal demand if Trumps win leads to a worsening of Chinas export sector, said Huo Jianguo, former head of the Chinese Academy of International Trade and Economic Cooperation run by the Ministry of Commerce, predicting the additional fiscal measures would reach more than CNY10 trillion. (See MNI INTERVIEW2: China Fiscal Stimulus Seen Near 10% GDP)

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MNI (BEIJING) - Beijing will intensify efforts to stimulate domestic demand should U.S. President-elect Trump impose higher tariffs after taking office, while accelerating free-trade negotiations with other partners particularly among the BRICS, policy advisors told MNI.

Chinese leaders will move to stimulate internal demand if Trumps win leads to a worsening of Chinas export sector, said Huo Jianguo, former head of the Chinese Academy of International Trade and Economic Cooperation run by the Ministry of Commerce, predicting the additional fiscal measures would reach more than CNY10 trillion. (See MNI INTERVIEW2: China Fiscal Stimulus Seen Near 10% GDP)

Keep reading...Show less