Chinese President Xi Jinping has announced a full plan to strengthen China’s economy in the midst of continuous challenges, including the current trade war with the United States, which has weighed heavily on the country’s financial landscape from the pandemic.
On Friday, during a key meeting of the Politburo, the officials discussed the measures to tackle persistent questions such as the crisis in the housing sector, young people unemployment and the economic benefits of American prices.
According to a reading of the meeting published by the Xinhua State press agency, while the economy showed a “positive trend” in 2025, external shocks, including trade tensions with Washington, continue to have an impact on the resumption of China.
“We must strengthen reflection on the merits, fully prepare for emergency plans and do solid work in economic work,” said reading, highlighting the government’s determination to manage the impact of American sanctions.
Politburo’s statement has also reaffirmed China’s commitment to multilateralism, unlike the “unilateral intimidation practices” of the United States under former President Donald Trump. Reading added that Beijing intends to work with the international community to mitigate the impact of these commercial barriers.
The Chinese government has described a series of measures designed to support national companies and citizens, in particular by expanding unemployment insurance payments, increasing average and low-income wages and promoting the growth of the service industry.
It was also planned to increase consumption and improve the support of financing for companies in difficulty.
In addition, the government has proposed to accelerate the development of a new real estate model, to expand housing stocks and to implement city renewal programs and urban renovation. These actions aim to stimulate demand on the domestic market while Beijing seeks to absorb the economic blow of the trade war.
The news comes following a potential trade war between China and the United States. President Trump recently said that the prices on Chinese imports would be “significantly” reduced but would not be completely eliminated.
Despite these signs of potential relaxation, the two governments have made contradictory statements on the state of commercial negotiations.
On Friday, the Chinese Foreign Ministry reiterated that no official interview takes place between the United States and China concerning prices. This contradicted Trump’s previous claims that negotiations were underway.
“We can reveal it later, but they had meetings this morning, and we met China,” Trump told the journalists in the White House, although he did not specify who they refer.
The trade war between the United States and China has set the two economies, and the last developments report that the two parties are looking for means of facilitating tensions and finding a way to follow.
