Macro policies in pipeline to boost growth

Package may include interest rate cuts, additional govt spending, experts say

China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States' tariff hikes, reiterating its commitment to the preset annual economic growth target, said economists and advisers who are close to policymakers.

The package, they said, is likely to include additional central government spending of at least 1 trillion yuan ($136.1 billion), cuts in interest rates and the reserve requirement ratio, and stronger subsidies for childcare, services consumption and affected businesses.

Recent remarks by Premier Li Qiang indicate that relevant actions would be both imminent and well-considered, they said, adding that the actions will be based on the country's past experience in dealing with trade tensions with the US and leveraging the advantage of the Communist Party of China's leadership, which enables coordinated and swift moves in crisis moments.