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China's Economic Maneuvers Amid US Trade Tensions
The Chinese government has recently taken bold actions to address the growing challenges in its economy amidst escalating trade tensions with the United States. While asserting commitments to open negotiations with the US regarding the ongoing trade war, the People's Bank of China simultaneously announced a reduction in the reserve requirement ratio and interest rates. This attempted balancing act has sent ripples through the market and ignited discussions about the efficacy of such measures.