China Boosts Economic Stimulus Amid Rising US Trade Tensions to Safeguard Growth and Recovery
Key Points:Beijing unveils stimulus plans to raise household income and tackle weak consumption amid trade tensions.Rare-earth exports to the US plunge 93% in May, casting doubt on China’s compliance with the trade truce.Hang Seng Index leads regional gains in June, rising 4.51% despite tech restrictions and tariff tensions.Beijing Targets Labor Market and Consumers to Boost DemandThis week, Beijing announced new guidelines aiming to bolster employment and boost household incomes to counter the