LINE

Text:AAAPrint
Ecns wire

Impact of trade friction on China's economy 'limited, controllable'

1
2018-04-18 16:40:18Ecns.cn Mo Hong'e ECNS App Download

(ECNS) — China is fully confident and well-prepared to ensure stable economic growth after a comprehensive analysis of the fallout from trade friction with the United States, said a spokesperson at the National Development and Reform Commission, the country's top economic planning body on Wednesday.

Yan Pengcheng said the impact of trade friction on the Chinese economy will be "limited and controllable.”

Trade protectionism is a double-edged sword that affects Chinese exports and increases employment stress, but consumers and companies in the United States will also pay a price, Yan said.

China has prepared multi-level response plans and backup policies, the spokesman said, adding that China's confidence comes from its active economic restructuring in recent years, including an emphasis on consumption-driven growth, while a huge market of 1.4 billion people can certainly deal with all kinds of impacts.

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

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.