Top Chinese policymakers signaled on Monday that Beijing will roll out fresh support measures to stabilize the economy and meet its 5% annual GDP target, even as a bitter tariff exchange with the U.S. threatens growth.

Officials’ Key Takeaways

Zhao Chenxin (NDRC vice chair):

Commit to further fiscal and investment measures.

Confident in ample policy “headroom” and reserves to hit 5% GDP growth.

Zou Lan (PBoC deputy governor):

Pledged to keep monetary policy “moderately loose.”

Will support growth while maintaining yuan stability.

Policy Toolbox on the Table

Fiscal Stimulus: Infrastructure spending, tax relief for SMEs, and employment subsidies.

Monetary Easing: Potential cuts in RRR or benchmark loan prime rates (already at record lows).

FX Management: Intervention to curb excessive yuan volatility and support exporters.

Trade-War Headwinds

U.S. Tariffs: Up to 240% on Chinese goods; Beijing retaliated with 120% duties.

Export Risks: Tariffs exacerbate an already slowing export sector.

Investor Caution: Mixed signals from Washington have left markets on edge.

What Investors Should Monitor

Upcoming PBoC Policy Moves

Watch for rate and RRR changes at the next meeting.

Yuan Exchange Rate

A stable CNY/USD is crucial for export competitiveness.

China GDP Data

Q2 readings will reveal if stimulus offsets trade headwinds.

Track Key Economic and FX Events

PBoC Policy Dates & China GDP Releases:? Economics Calendar – Economics Data API

Real-Time CNY/USD Rate:? Forex Daily API

These APIs deliver real-time scheduling for China’s policy announcements and live FX quotes—essential for navigating the impact of Beijing’s stimulus and trade-war dynamics.