To support those impacted by these tariffs, the government plans to strengthen financing support and improve trade integration.

The Political Bureau of the Communist Party of China Central Committee, led by Xi Jinping, convened to discuss strategies for addressing the nation's economic situation amid external pressures.

Policymakers acknowledged that while recovery is underway, a more solid foundation is needed to mitigate external shocks affecting the economy.

The meeting highlighted the importance of increasing the income of middle and low-income groups while enhancing consumption's role in driving economic growth.

Participants emphasized the need for proactive macroeconomic policies, including the issuance of special-purpose bonds and adjustments to interest rates and bank reserves to ensure liquidity.

Despite facing challenges from US tariffs and trade wars, China's economy has shown positive progress this year, bolstered by increased public confidence.

Framing global economic tensions as 'struggles' suggests a long-term strategy focused on domestic stability and cautious expansion of international engagement, particularly in services.

Specific measures discussed include increasing unemployment insurance for affected companies, fostering new industries, and implementing the 'AI Plus' initiative.

Experts note that the meeting's outcomes reflect a proactive approach to counter the anticipated negative effects of US tariffs set to take effect in the second quarter of 2025.

Analysts anticipate that measures such as fiscal spending increases, reserve requirement reductions, and interest rate cuts will help mitigate the impacts of tariff hikes.

The meeting underlined the importance of building a unified national market and supporting enterprises in global expansion, while advocating for multilateralism against unilateral actions.

China's policymakers stressed the need for coordination between domestic economic efforts and international trade challenges, focusing on stabilizing key areas such as employment and markets.