China form economic guarantees before trade talks in the United States in Switzerland

China has announced a barrage of measures aimed at facing the blow to its economy from US President Donald Trump’s war, as the two sides are preparing for talks later this week.

The Governor of the Central Bank in Beijing and other financial officials set the plans on Wednesday to reduce interest rates and reduce the requirements of the banking reserve to help free more funding for association.

They also said that the government will increase the amount of money available for factory promotions, other innovation, to seek the elderly and other services companies.

Trump’s tariff, which reaches 145 percent on imports from China, has begun to influence the export -based economy in the country at a time when it is already under pressure from long shrinkage in the property sector. China has a tariff up to 125 percent on American goods and has stopped buying most American agricultural products.

Late on Tuesday, China and the United States announced plans for talks between Treasury Secretary Scott Bessin, US Trade Representative, Jameson Jarir, and Vice Deputy Chinese in Leving later this week in Geneva, Switzerland.

The agreement on the conversation comes at a time when both sides remained determined, at least in public places, on not prejudice to the definitions.

“The United States has recently expressed its desire to negotiate with China. This meeting is held at the request of the American team,” Foreign Ministry spokesman Lin Jian told Beijing reporters.

“Any form of pressure or coercion against China will not work,” Lin said. “China will firmly protect its legitimate interests and support international fairness and justice. Please wait for the details of the dialogue.”

Both economists show signs of stress

By facilitating credit, economists at Anz Research said in a report, by reducing credit, Chinese leaders provide a “store store” for exporters while Beijing is preparing for conversations.

“The authorities are ready to conduct lengthy negotiations and include a strong position against protectionism,” the report said.

Both American and Chinese economies showed signs of stress, after a breakthrough of activity as companies and consumers rushed to overcome the high customs tariffs.

Meetings in Switzerland can provide an opportunity for both sides to contact the currently banned high tariffs, which Bessent described as not sustainable, while working in a deal. But it is possible that the process will take some time.

“There is still a long -standing decision, in our opinion, given the wide range of issues in the bilateral relationship,” Morgan Stanley said in a comment.