中国国家主席Xi表示要充分释放消费潜力。当天早些时候，据报道，中国官员周末会面，讨论了一系列措施，以抵消特朗普关税对经济的影响。它的主要部分集中在促进消费上，但缺乏细节。

China president Xi says to fully unleash consumption potential.Earlier in the day, it was reported that Chinese officials met up over the weekend to discuss a host of measures to counteract the impact of Trump's tariffs on the economy. The main part of it centered around bolstering consumption but the details were lacking.

据彭博社报道，中国政策制定者在过去三天举行了高层会议，讨论在中美贸易紧张局势升级的情况下支持经济和稳定市场的措施。谈判的重点是加快刺激措施，特别是那些旨在促进消费的措施，这些措施在特朗普总统宣布新一轮关税之前就已经在考虑之中。美国最新措施将从周三开始将对中国进口商品的累计关税提高到54%。作为回应，北京对美国商品征收34%的关税，并对关键产品和矿产实施新的出口管制。由于中国预计将成为受影响最严重的国家之一，当局正在准备额外的财政支持，以缓解经济受到的冲击。北京已承诺，如有必要，将升级其应对措施，并誓言将“打到最后”

Chinese policymakers have held high-level meetings in the last three days to discuss steps to support the economy and stabilize markets amid escalating trade tensions with the U.S., Bloomberg News reported. Talks focused on accelerating stimulus measures—especially those aimed at boosting consumption—that were already under consideration before President Trump announced a new wave of tariffs. The latest U.S. measures will raise cumulative tariffs on Chinese imports to 54% starting Wednesday. In response, Beijing imposed 34% tariffs on U.S. goods and introduced new export controls on key products and minerals. With China expected to be among the hardest hit, authorities are preparing additional fiscal support to cushion the economy from the fallout. Beijing has pledged to escalate its response if necessary, vowing to fight the trade war “till the bitter end.”

周一，在节后交易中，上证综指暴跌7.34%，收于3097点，深证成分股下跌9.66%，收于9364点。随着美国总统唐纳德·特朗普的贸易战加剧，引发了人们对全球经济衰退的担忧，内地股市追随全球抛售。上周白宫将美国对中国商品的关税提高到54%后，北京决定周五对所有美国进口商品征收34%的关税进行报复，而不是进行谈判。特朗普周日表示，除非与中国的贸易逆差得到解决，否则他们将继续推进他的关税计划。市场现在正在等待北京方面的政策信号来支撑经济，可能是以货币宽松的形式。所有板块均下跌，指数权重股如现代安培（-11.5%）、东方财富（-13.9%）、比亚迪公司（-10%）、贵州茅台（-4.4%）和紫金矿业（-9.9%）均大幅下跌。

The Shanghai Composite plunged 7.34% to close at 3,097 while the Shenzhen Component dropped 9.66% to 9,364 in post-holiday trade on Monday, with mainland stocks tracking the global selloff as US President Donald Trump’s trade war intensified, stoking fears of a worldwide recession. After the White House raised US tariffs on Chinese goods to 54% last week, Beijing decided to retaliate on Friday with a 34% levy on all US imports instead of negotiating. Trump stated on Sunday that unless the trade deficit with China is solved, they will press on with his tariff plan. Markets are now awaiting policy signals from Beijing to shore up the economy, possibly in the form of monetary easing. All sectors declined, with notable losses from index heavyweights such as Contemporary Amperex (-11.5%), East Money (-13.9%), BYD Company (-10%), Kweichow Moutai (-4.4%), and Zijin Mining (-9.9%).

中国主要股指今天收盘下跌7%以上。沪深300指数收盘下跌7.1%，创下去年10月以来最大单日跌幅。与此同时，上证综指收盘下跌7.3%，创下2020年2月以来最大单日跌幅。

China major indices close down by over 7% today.The CSI 300 index closed down by 7.1%, marking its biggest one-day decline since October last year. Meanwhile, the Shanghai Composite index closes closed down by 7.3%, marking its biggest one-day fall since February 2020.