China is not afraid of “extreme-measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and development of high-tech-products.
The State media said on Wednesday in a publication by the ruling Communist Party.
The two economies escalate a trade war on Tuesday after Beijing added 60 billion dollars of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump’s planned levies on 200 billion dollars worth of Chinese goods.
“To deal with the trade war, what China really should do is to focus on doing its own thing well,” the People’s Daily said.
“(China) is not worried that the U.S. trade counter measures will raise domestic commodity prices by too much.
”However, she will instead use it as an opportunity to replace imports, promote localisation or develop export-oriented advanced manufacturing,” it said.
The Global Times tabloid,…
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