Asia Braces for Economic Shifts Amid Trump Trade Tensions

Economist Huang Yiping discusses the potential impact of a second Donald Trump administration on US-China trade relations and China's economic strategy. He suggests that China should prepare for possible increased tariffs by boosting domestic demand and implementing more stimulus measures. Additionally, China's recent announcement of 6 trillion yuan in debt relief for local governments aims to alleviate financial pressures and enhance the effectiveness of Beijing's growth initiatives. Huang advises the central government to increase its deficit ratio to support local authorities further.