China's Economic Challenges Amid Tariffs

China faces significant economic challenges that have been exacerbated by U.S. tariffs, which have led to retaliatory measures from Beijing. Even during the Lunar New Year—typically a time of celebration—locals report declining sales and subdued consumer spending, indicating broader economic stagnation. While the Chinese government has implemented various support measures to stimulate growth, such as cutting interest rates and offering subsidies, these have not yet translated into robust consumer confidence or spending. Experts suggest that ongoing deflation and cautious consumer behavior are creating a challenging environment that could be further strained by escalating trade tensions.