BEIJING: There are no winners in tariff or trade wars, nor in wars over science and technology or industry, said China's top envoy to the United States, as Donald Trump's presidential el
Xie Feng, China 's ambassador to the US, addresses the media as he arrives at JFK airport in New York City, US, on May 23, 2023. BEIJING: There are no winners in tariff or trade wars, nor in wars over science and technology or industry, said China 's top envoy to the United States , as
In 2019, China's economy grew a revised 6 per cent, the weakest in nearly 30 years, weighed down by trade war with the US. The economy has further cooled since, with the government targeting a modest expansion of around 5 per cent in 2024, putting it on the back foot if there are fresh trade frictions after Trump takes office in January.
"The more success stories of mutually beneficial cooperation, the better," Xie said."China and the United States can achieve many great and good things through cooperation, and the list of cooperation should be stretched longer and longer."Analysts said China would be ready to fight back if a new trade war were to erupt.
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