China seen countering Trump tariffs with stimulus, weaker yuan

Quick Summary:

China may embrace greater stimulus, bolster manufacturing, and allow the yuan to weaken to offset the negative effects of a second Trump presidency on the Chinese economy, analysts said.

Factories and farms across America’s Midwest and South are at the heart of Trump’s political support, and their output was often targeted by China in retaliation to tariffs during his first term.

Chinese manufacturers are likely to increase investment in overseas production bases to avoid US levies and buffer themselves against trade shocks, some of the economists said.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaHong Kong

Topics: Trade Economists Exports Beijing Trump’s Weaken Stimulus Yuan China Chinese Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 11:14:41 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23552387

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 41 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

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