摩根士丹利：中国政府的刺激措施如何缓解关税冲击

May 1, 2025 03:54 PM GMT China Musings | Asia Pacific How Beijing's Stimulus May Cushion Tariff Shock 2Q growth could slow one percentage point as tariffs bite. We expect Beijing to navigate the challenges with cautious and uneven stimulus policies: still relying on investment in emerging sectors and urban renewal, while gradually shifting policy towards consumption over the medium term. Tariffs have reached prohibitive levels and may not get much higher. Investors are focused on two things. Exhibit 2 : Wha ...