In a bid to stabilize its economy and combat rising trade tensions, China has vowed to increase its budget deficit, ramp up borrowing, and loosen its monetary policy. These measures are designed to counter the potential economic impact of heightened tariffs from the United States under President Donald Trump’s return to office. The announcement came following the Central Economic Work Conference (CEWC), a key annual meeting of China’s top leaders, which took place on December 11-12. According to state broadcaster CCTV, the meeting highlighted concerns about the "adverse impact" of changes in the external environment, notably ...