Chinese stocks rise by most in over a week as trade war with US fuels stimulus hopes

Quick Summary:

China keeps its benchmark lending rates unchanged as expected amid the ongoing trade war with the US.

While UBS, Goldman Sachs, Nomura and others have cut their forecasts for China’s economy, they expect more stimulus measures from Chinese policymakers to underpin the economy.“We expect the government to accelerate bond issuance and the spending of proceeds in the coming months,” Andrew Tilton, an economist with Goldman Sachs, said in a note over the weekend.

The gains were led by tech firms.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong KongChina

Topics: Stimulus Cent Measures Yuan Chinese Maker Rose Trade Gains Index Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 10:57:54 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28079552

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