China Signals More Stimulus as Economic Slowdown Deepens

China Signals More Stimulus as Economic Slowdown Deepens
Containers and trucks are seen at a terminal of the Qingdao port in Shandong Province, China on Nov. 8, 2018. Reuters
|Updated:

BEIJING— China on Jan. 15 signaled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown.

The world’s second-largest economy will aim to achieve “a good start” in the first quarter, the National Development and Reform Commission (NDRC) said in a statement, indicating the government is ready to counter rising pressure. Central bank and finance ministry officials gave similar assurances.