The brutal trade war comes as China’s economy strains under the weight of longstanding woes in the property sector and reluctance of consumers to pull out their wallets.
The Politburo meeting, which was attended by President Xi Jinping, saw leaders discuss a range of domestic economic issues, emphasising the need to “enhance the role of consumption in stimulating economic growth”, according to Xinhua.
They also called for action to increase incomes and “vigorously develop service consumption”, as well as the implementation of key rate cuts at “appropriate times”.
