Trump victory means competition will run hot for China to reverse its economic 'malaise'

Following economic stimulus packages

Donald Trump’s presidential victory for a second term at the White House is likely to complicate things for China, as the world’s two biggest economies will have to compete for growth and expansion.

China already started its growth trajectory in mid-September, when the People's Bank of China passed a package of measures to cut the amount of cash reserves banks are required to hold – the reserve requirement ratio (RRR) – by 50 basis points and slash its key policy rate by 0.2 percentage points to 1.5%. Interest rates on existing mortgages were also reduced by 0.5 percentage points, in a bid to revive China's struggling property sector. Chinese equities surge on the back of biggest stimulus package in years But following Trump's landslide victory to become the 47th president of ...