“The U.S. threat to escalate tariffs on China is a mistake on top of a mistake": China's Commerce Ministry
German economy minister calls on the EU to stick together: "we are in a strong position — America is in a position of weakness”
Countries scramble to respond with countermeasures, negotiations and industry support amid sweeping U.S. trade restrictions
Officials are due to hold a briefing on Monday on efforts to increase spending, investment
Commerce minister called for talks with U.S. and said "there are no winners in a trade war"
Mutual funds ordered to increase holdings in onshore stocks
Subsidies, more stimulus and corruption crackdown are all on the agenda
The World Bank forecasts China's GDP will grow this year at 4.9% and next year at 4.5% before slowing to 4% in 2026
Leaders commit to raising China’s deficit, do more to encourage consumer spending
China's economy has underperformed the government's 5% growth target for 2024
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