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China readies for economic headwinds as US tariffs dent global growth

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to analyze and study the current economic situation and economic work. It was noted that China has seen its economy improve this year. The foundation for China's sustained economic recovery needs to be further consolidated, and the country faces increasing impact from external shocks, the meeting said. The meeting urged preparing for worst-case scenarios with sufficient planning, and taking concrete steps to do a good job in economic work. The global economic landscape has been significantly disrupted by the US tariff policies. Apart from adversely impacting America's own economy, the tariffs have increased worldwide trade uncertainty. The International Monetary Fund (IMF) has slashed its global growth forecast for 2025, mainly because of the escalating trade tensions caused by US tariffs.