China unveils fiscal stimulus amid Trump victory

A new stimulus plan was unveiled by Chinese authorities Friday in an effort to stimulate China’s slumped infrastructure and property markets, which could be squeezed further by President-elect Donald Trump’s plans to impose higher tariffs on Chinese imports into the U.S.

Details on the stimulus package were reportedly revealed at China’s Standing Committee of the National People’s Congress, which was delayed in October so the Chinese government could adjust to the U.S. presidential results.