Beijing mulls new measures to stabilise markets as US tariff war hits

SCMP | May 6, 2025, 8:56 p.m. | Original

People wait to cross a road outside a shopping mall in Beijing. Expectations are high that China’s leaders will announce more measures to shore up the economy amid an intensifying trade war with the United States. Photo: AFP

Introduction

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At 9am on Wednesday, the People’s Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission will hold a joint press conference to present their plan for stabilising markets and expectations.

The conference comes as hopes run high for more support to be extended to exporters in doubt over their futures as US tariffs remain in the stratosphere. Aid to vulnerable private and small businesses, measures to stabilise the job market and more tools to boost domestic consumption are also expected.

Stability is also high on the government agenda as US President Donald Trump’s tariff blitz threatens to spill over to financial systems worldwide.

Reporting by Ji Siqi, Mandy Zuo, Luna Sun, Alice Li and Fan Chen.

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