China to Roll Out Stimulus Amid Trade War Concerns
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China plans to roll out stimulus measures as the Sino-U.S. trade war drags on and interest rates remain frozen. Despite stronger-than-expected GDP growth of 5.4% in Q1, policymakers are cautious about broad monetary easing due to fears of crashing the yuan and damaging bank profits. The central bank held back from slashing rates to protect both the currency and lenders’ profit margins.
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