“The adverse impact brought by changes in the external environment has deepened,” national broadcaster CCTV said following the closed-door CEWC.
This dovish shift in messaging shows China is prioritizing growth over financial risks, analysts said.
At CEWC, Beijing sets targets for economic growth, the budget deficit, debt issuance and other variables for the year ahead.
The CEWC readout said it was “necessary to maintain steady economic growth,” but did not mention a specific rate.
Exporters say the levies will further shrink profits, hurting jobs, investment and economic growth in the process.
Persons:
Donald Trump, ”, Zhiwei Zhang, won’t, Xu Tianchen, Lynn Song
Organizations:
Economic Work Conference, ”, CCTV, Xinhua, Communist Party, US, Trump, Economist Intelligence Unit
Locations:
China, United States, CEWC, Beijing, Greater China