China unveils policy package to guard against US tariffs ahead of trade talks in Switzerland

China has unveiled new measures to protect its economy amid an escalating tariff war with the United States as both sides prepare for trade talks due to take place over the weekend in Switzerland. The People’s Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission held a joint press conference in Beijing on May 7, 2025, to present their plan for stabilising markets and expectations. Post managing editor Eugene Tang explains the latest round of measures to help shore up the country’s economy.