Sports

Analysis-China holds off on new stimulus, shows composure in US trade war

BEIJING (Reuters) -China has advanced this year's stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war. The Communist Party's elite decision-making body, the Politburo, pledged on Friday to support firms and workers most affected by triple-digit U.S. tariffs on Chinese goods, but stopped short of announcing additional deficit spending. The decision to withhold additional stimulus disappointed investors, leading to a 3% slump in Chinese real estate stocks on Monday, despite official efforts to assuage market concerns over a sharp downturn in growth.

BEIJING (Reuters) -China has advanced this year's stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war. The Communist Party's elite decision-making body, the Politburo, pledged on Friday to support firms and workers most affected by triple-digit U.S.

tariffs on Chinese goods, but stopped short of announcing additional deficit spending. The decision to withhold additional stimulus disappointed investors, leading to a 3% slump in Chinese real estate stocks on Monday, despite official efforts to assuage market concerns over a sharp downturn in growth..