Trump has the ability to thwart China’s economic reform initiatives.
China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency.
The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth.
Trump won the US election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods.
His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies.
A property slump, rising government debt and unemployment, and low consumption have slowed down Chinese growth since the pandemic.
So the stakes are higher than ever for the latest announcement from the Standing Committee of the









