China plans to boost economic support as tariffs approach

China is preparing to enhance support for its economy amid looming tariffs from President-elect Donald Trump. Leaders recently concluded a two-day economic conference, planning to increase government spending and relax monetary policy to boost investment and consumer spending. The government aims to address economic challenges, including a slowing growth rate and a struggling real estate sector. Plans include raising the deficit cap, increasing wages, and implementing subsidies to improve living standards and encourage family growth. China's central bank is expected to adopt a "moderately loose" monetary policy, cutting interest rates to stimulate borrowing and investment. However, investors were disappointed by the lack of specific policy details, leading to declines in stock markets.