China lodged a complaint on Monday to the World Trade Organization regarding the United States' proposed tariffs on $200 billion worth of Chinese imports, the Ministry of Commerce said in a statement.
China will not concede to US tactics, and the "ball is always in the US' court," Chinese officials and experts stressed on Thursday amid trade frictions between China and the US, after US President Donald Trump's top economic adviser accused China of stalling efforts to resolve a growing trade dispute.
US President Donald Trump kept tossing bombs all through his Europe trip. He called the European Union a “foe” of the US soon after the NATO Summit and implied he would trust Russian President Vladimir Putin rather than his own intelligence services after the meeting with his Russian counterpart.
Power is corrosive, and hegemonic power more so. Unilateralism is an example of the corrosion of power. The unilateralism in trade being exercised by the US is in essence a result of the habitual exploitation of power.
As economic uncertainty increases, China's fiscal policy needs to inject certainty into the economy and social development, safeguarding the country's deepening reform, an expert said.
Chinese President Xi Jinping will start his visit to the Middle East and Africa on Thursday. Chinese experts said his trips could help more countries benefit from the China-proposed Belt and Road initiative.
An official from China's top economic planner said Tuesday that the commission will speed up an assessment of negative impacts on domestic companies arising from the ongoing Sino-US trade row, and will provide "targeted support" after this assessment.
After U.S. President Donald Trump instigated a trade war that launched 25-percent tariffs on $34 billion worth of Chinese products on July 6, the Chinese Government immediately retaliated with tit-for-tat duties on U.S. goods.
China and the EU on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism, and support free trade, a move that experts say is not an attempt to create a bloc to oppose the US for imposing trade tariffs against China and the EU.
China is confident it can cope with a more uncertain second half of the year in maintaining a steady and positive foreign trade growth momentum, the General Administration of Customs (GAC) said on Friday despite experts' warning of pressure to China from a trade row with the US.
The Trump administration has imposed a 25-percent tariff on 818 import items worth 34 billion US dollars from China on Friday. China immediately retaliated by imposing a levy of the same scale, placing a 25-percent tariff on the same volume (34 billion US dollars) of imports from the US. The Chinese Ministry of Commerce said in a statement that the US has started the "largest trade war in economic history." The trade volume immediately dwarfed the similar US tariff wars with Canada and the EU.
The Sino-US trade war has started and things are escalating fast. Many commentators believe that the war is developing in accordance with the script of "Death by China" by one of US President Donald Trump's top advisors Peter Navarro.
The trade war involving $50 billion between China and the United States will have limited impact on the Chinese economy, central bank economist Ma Jun said on Friday.
China's investment and loans in African countries are designed to help them improve basic infrastructure, increase productivity and achieve self-reliance, which analysts say differs from years of strings-attached aid from the West.
China on Thursday defended its role at the WTO as it faces rising criticism from some WTO members, saying that it has fulfilled its promise to the multilateral trade body and its continued reform efforts have created great opportunities for global economic growth and tangible benefits for trade and investment partners.
In a recent article, The New York Times shone the spotlight on Lang Lang by calling the injury to his left arm "a major loss, since he is one of classical music's biggest and most bankable stars." The article said, "It is harder than ever for a classical musician to become famous worldwide."
On June 15, 2018, U.S. President Donald Trump broke another of his promises with the sudden announcement of 25 percent tariffs on US$50 billion of Chinese imports, reigniting a major dispute between the world’s two largest economies.
Chinese Premier Li Keqiang recently attended the seventh Leaders' Meeting of China and Central and Eastern European Countries (CEEC) in Sofia, Bulgaria. Li reiterated that the 16+1 mechanism is an open and transparent platform, adding that China-CEEC cooperation has always followed international rules and EU regulations while Chinese enterprises are required to participate in bidding for European projects in accordance with market regulations and business rules.
China will improve the management of State-owned financial institutions in key sectors to bolster financial security, widen mixed-ownership and financial opening-up reforms to vitalize the market, said a guideline released by the central authorities.
Since the beginning of this year, trade frictions between China and the United States have significantly escalated. And with additional US tariffs on $34 billion worth of Chinese goods taking effect on Friday, the US has now launched a full-blown trade war against China.