Analysis: Decoding the Incremental Moves in China’s New Stimulus Package

China on Wednesday released a series of policy measures aimed at boosting domestic demand and supporting the economy in response to escalating trade tensions with the United States.

At a press conference attended by top officials from the People’s Bank of China, the National Financial Regulatory Administration and the China Securities Regulatory Commission, a comprehensive package of policies was announced. Key measures include lowering the banks’ reserve requirement ratio (RRR), cutting benchmark interest rates and slashing rates on housing provident fund loans.