A Chinese state newspaper signalled the need for monetary easing as US trade tensions threaten economic growth, suggesting the central bank should cut interest rates and banks’ reserve requirements.
The report stated that such measures could stabilise markets, boost confidence, and mitigate external shocks.
Chinese stocks rose for the third day, driven by stimulus expectations and hopes for a trade deal with the US. The urgency for easing increased after US President Donald Trump raised tariffs on Chinese imports to 125% while pausing levies on other trade partners.
Meanwhile, China’s consumer deflation extended for a second month in March, adding to economic concerns.
The People’s Bank of China has repeatedly pledged to lower borrowing costs and reserve requirements, fueling a rally in China’s bond market.
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