#USChinaTradeTalks Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products.

The President of China has unveiled a strategy to address the nation's ongoing economic challenges and the repercussions of the US trade conflict, amid speculation that tariffs on certain American goods, such as semiconductors, may be reduced.

A recent politburo meeting focused on the state of China's economy, which has struggled since the pandemic due to a crisis in the housing market, high youth unemployment, and tariffs imposed by Donald Trump on all Chinese imports to the US.

According to a summary released by the official state media, China's economy is showing a 'positive trend' with rising public confidence expected in 2025, although 'the effects of external shocks have intensified.' The statement emphasized the need to enhance foundational thinking, prepare comprehensive emergency strategies, and effectively manage economic operations.