China evokes patriotism, past wars as trade war with the United States heats up
BEIJING - The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars.
The world’s two largest economies are locked in an increasingly acrimonious trade dispute that has seen them level escalating tariffs on each other’s imports in the midst of negotiations, adding to fears about risks to global growth and knocking financial markets. China, which reported unexpectedly weak growth in retail sales and industrial output on Wednesday, also said on Friday that the impact of trade frictions on its economy was “controllable”.
“Today, the wheel of destiny has turned and we have arrived at this extreme and dark moment, as a super-nation ruthlessly disrupts the world’s technology and industry system,” according to the letter.
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