China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump.

China has unveiled a 30-point plan to boost consumer spending — a task that has become ever more urgent since President Donald Trump ignited a trade war.

The plan comes as levels of consumer demand in China have suffered various setbacks in recent years, due to factors such as COVID-19 disruptions and a prolonged property slump, chilling the propensity of households to spend and adding to deflationary trends.

China on Thursday urged Washington to engage in a "dialogue" with Beijing on how to resolve President Trump's spiralling trade war and geopolitical tensions.

President Donald Trump has promised a massive escalation of his global trade war on April 2, when far-reaching tariffs will be imposed on nations around the world