China Ready to Take Tough Stance if Trade Tension With the US Escalates
S. Rina | | Jan 23, 2017 08:06 AM EST |
(Photo : https://pixabay.com/en/the-chinese-national-flag-flag-china-1752046/) China is preparing for a possible trade war with the US.
China is gearing to retaliate if its trade ties with the United States takes a turn for the worse. US President Donald Trump has maintained his anti-China diatribe. China has taken a firm stand against Trump's rhetoric, which have touched upon subjects ranging from Taiwan sovereignty to currency manipulation.
Like Us on Facebook
China has expressed its keenness to collaborate with the new US government. China said that both countries can work together to resolve their trade issues. China's Commerce Ministry Sun Jiwen said that the country will work towards creating healthy ties with the United States.
"Both sides benefit with cooperation, and both are hurt with conflict." Chinese Foreign Ministry spokeswoman Hua Chunying echoed the similar sentiments, "We look forward to working hard with the new U.S. government, adhering to no clashes and no confrontation," Sun told reporters.
However, the country is also ready to take a tough stance if the situation requires it.
Chen Wenling, chief economist at the China Centre for International Economic Exchanges, an influential think tank with close government ties, said that China will "will fight to the end."
A report released by Eurasia Group earlier this week suggested that China may target sectors which are deemed important to Trump's administration. The report suggested that China may seek alternative suppliers in places such as Latin America and Europe.
China has increased punitive tariff on some products imported from the US including a substance called distillers' dried grains (DDGS). China accounts for nearly 50 percent export of DDGS from the United States.
Tagschina, donald trump, trade policies
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?