Sino-US trade friction's impact on Chinese economy limited, controllable: official

Source: Xinhua| 2018-04-18 13:42:43|Editor: Yamei
Video PlayerClose

BEIJING, April 18 (Xinhua) -- Trade frictions with the United States have a limited and controllable impact on the Chinese economy, an official from China's top economic planner said Wednesday.

"China has prepared multi-level response plans and backup policies for the US-initiated trade frictions," Yan Pengcheng, spokesperson of the National Development and Reform Commission, told a press conference.

Supply-side structural reform and new growth momentum have laid a solid foundation to prepare China for the external impact, he said, citing the reassuring performance of China's economy in the first quarter.

China's economy demonstrated its resilience by delivering a solid start to the year with GDP expanding 6.8 percent year on year at comparable prices in the first quarter, official data showed.

"China, with a population of nearly 1.4 billion, has a huge domestic market, and even if the east goes dark, the west still shines," he said.

"We are confident and capable of sustaining the stable development of our economy," he said.

While certain sectors of Chinese exports will be affected to some extent, consumers and related manufacturers in the United States will pay the price of U.S. protectionism, Yan said.

"We hope to work together with other countries to conform to the trend of the times and create a more favorable environment for globalization and cross-border investment," he said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011103261371197421
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
日韩免费福利视频 | 亚洲国产精品久久久久秋霞 | 亚洲精品第一国产综合境外资源 | 亚洲欧美v人片在线观看 | 亚洲一级高清在线观看 | 伊人成伊人成综合网222 |