More on report of China wanting to accelerate stimulus measures to counter US tariffs

Bloomberg is the one reporting, citing people familiar with the matter. It is said that Chinese policymakers met over the weekend to discuss measures to stabilise the economy, including whether to frontload stimulus in order to bolster consumption. Some of these measures were said to already be planned before Trump’s tariffs were announced.

That being said, the scale and timing of the stimulus measures were not finalised and the plans could still be subject to change. So once again, the details are sorely lacking – just like many announcements before from China. But at least, there’s this bit. Among other things, regulators also discussed details of a stabilisation fund to shore up its stock market. Cue the plunge protection team.

This article was written by Justin Low at www.forexlive.com.