United States presidential aspirant Donald Trump may have a legion of followers, but China's Finance Minister Lou Jiwei is none too impressed.

Responding to Trump's proposal to impose up to 45 percent tariffs on China to force it to modify its trade policies, in an interview with The Wall Street Journal, Lou stated that any such action would violate World Trade Organization rules. He also branded Trump as an "irrational type." China's finance minister also said that if the country does pull through with Trump's proposal, the US would not be entitled to retain its title of being major global power.

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Lou stated that the US needs to recognize the mutual dependency between the US and China. He stressed that economic cycles in both the countries are intertwined and that both countries have more in common than they have in difference.

In a campaign statement, Trump accused China of being "in total violation of WTO regulations." He further claimed that the United States of America, "incompetently allowed them to get away with this." Trump further stated that should he become the president, all the trade and other agreements will be renegotiated to ensure that the US becomes a "beneficiary."

The Chinese finance minister stated that the US needs to bolster its investments in the public and private sector to boost its domestic economy as well as the global economy. He also urged the US to speed up its deregulation process.

China is currently working towards more egalitarian progress by following various measures such as land reforms. Lou said that China is now encouraging farmers to transfer or lease out their lands. They are also being encouraged to use land for equity financing purpose.

Tagsdonald trump, china, US, Lou Jiwei