China prepares to announce major economic support package as officials conclude key meeting

China is set to announce a significant economic support package as officials conclude a key meeting. This comes amid concerns over potential trade tensions with U.S. president-elect Donald Trump, who has proposed tariffs on Chinese goods. Economists anticipate that the package will include hundreds of billions of dollars aimed at helping local governments and banks. This follows a review of a bill to increase local government debt limits to stimulate the struggling property market. Recent data shows China's economy is facing challenges, with slow growth and a housing crisis. However, exports have surged recently, providing some positive news. Officials are expected to take a more proactive fiscal approach in response to these economic pressures.