China’s central bank said on Friday it will spur financial institutions to expand support for consumption and foreign trade amid a protracted trade war with the United States. Beijing stepped up efforts this week to cushion the economic damage caused by the tariff conflict with Washington, announcing a raft of stimulus measures, including interest rate cuts and a major injection of liquidity. The People’s Bank of China will maintain its “appropriately loose (stance), flexibly calibrate the intensity and pace of policy implementation based on domestic and global economic conditions and financial market developments,” ... (full story)