FX.co ★ China to Unveil New Measures to Stabilize Jobs and Economy

China is set to hold a press conference today to unveil new policies designed to stabilize employment, foster economic growth, and promote high-quality development. This announcement follows the Communist Party's Politburo meeting last Friday, during which leaders committed to supporting businesses and workers affected by significant U.S. tariffs. The leaders also urged preparations for potential "worst-case scenarios," as reported by state media, Xinhua. During the meeting, the Politburo highlighted the importance of refining policy tools and promptly introducing new measures as circumstances evolve. To stabilize employment, China intends to increase the proportion of unemployment insurance funds allocated to companies significantly impacted by the tariffs. On the monetary side, policymakers are prepared to reduce interest rates and banks' reserve requirement ratios (RRR) "in a timely manner" while working to stimulate consumption within the services sector.