China premier says can use interest rates, other policy steps to help economy

Promised cuts in value-added tax for manufacturing and other sectors will take effect from April 1, while social security fees will be reduced from May 1, Li said.

The premier said the government would take multiple measures to lower funding costs for small and micro firms by 1 percentage point this year. Data on Thursday showed that China’s survey-based jobless rate rose to 5.3 percent in February, from 4.9 percent in December, partly due to job shedding by export-oriented companies.China is still negotiating with the United States to resolve their trade frictions, Li said, adding both sides have far more shared interests than conflicts, and it would be “unrealistic” to decouple the world’s two largest economies.

Washington and Beijing have been locked in a tit-for-tat tariff battle as U.S. presses China for an end to practices and policies it argues have given Chinese firms unfair advantages, including subsidizing of industry, limits on access for foreign companies and alleged theft of intellectual property.

Or just print more currency and buy some more tank bonds

There’s the largest warehouse of paper named yuan

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