China minister says trade war with US would be ‘disaster’
"There are no winners in a trade war, and it would bring disaster to our two countries as well as the rest of the world," Minister of Commerce
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It was
Chinese leaders have threatened in the past to retaliate against raised trade barriers, but have yet to take direct action following Trump's announcement.
Citing Chinese researchers, Zhong said the
The
Zhong blamed the trade imbalance in part on controls over
The Trump administration earlier approved higher tariffs on Chinese-made washing machines, solar modules and some other goods, prompting
Zhong said
"We have noticed that some foreign-funded businesses have complained about
The commerce minister reiterated Premier Li Keqiang's promise on Monday to liberalize the manufacturing industry and expand the opening up of sectors such as medical care, education and new energy vehicles. Specific details were not given, but Zhong pledged to give equal treatment to domestic and foreign businesses alike while continuing to curb "irrational overseas investment" from within
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