China shrugs off trade war ‘obstacles’
Donald Trump announced another $200 billion worth of goods this week on which to foist levies
PHOTO: REUTERS
BEIJING:
Chinese officials are shrugging off warnings that the trade spat with the United States could slash the country’s economic growth, with state-run media saying Beijing can “outlast” the tariffs war. Donald Trump announced another $200 billion worth of goods this week on which to foist levies for his latest volley in the stand-off between the world’s top two economies, and threatened there could be more in the pipeline if China doesn’t play ball. But while Chinese Premier Li Keqiang acknowledged that the country is facing “greater difficulties” in maintaining steady growth in the face of the US onslaught, he quickly voiced confidence in its ability to “overcome obstacles”.
Published in The Express Tribune, September 21st, 2018.
Chinese officials are shrugging off warnings that the trade spat with the United States could slash the country’s economic growth, with state-run media saying Beijing can “outlast” the tariffs war. Donald Trump announced another $200 billion worth of goods this week on which to foist levies for his latest volley in the stand-off between the world’s top two economies, and threatened there could be more in the pipeline if China doesn’t play ball. But while Chinese Premier Li Keqiang acknowledged that the country is facing “greater difficulties” in maintaining steady growth in the face of the US onslaught, he quickly voiced confidence in its ability to “overcome obstacles”.
Published in The Express Tribune, September 21st, 2018.