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because China has sufficient resources to counter the challenge, said Zhang Yansheng, forme
上海千花网r secretary-general of the academic committee of the National Development and Reform Commission.
To protect its interests, China vowed last week that it will take necessary countermeasures if the US tariffs come into force.上海千花网品茶微信
Zhang warned that China should prepare to deal with an uneasy relationship with the US over the long term, as he thinks the co
nfrontation will persist until 2035, after which they will enter a phase of strategic cooperation and conversation.
“To fight a strong opponent, the key for China is to build a
上海千花网品茶微信sound environment for innovation, world-class companies and universities,” he said.
Unlike previous rounds of taxing Chinese imports, the US administratio
n is targeting a wide swath of consumer goods, thereby using US families as a ho上海千花网
stage in trade negotiations, according to Matt Priest, president of the Footwear Distributors and Retailers of America.
Wei Jianguo, former vice-minister of commerce, agreed that additiona
l tariffs on Chinese imports will be passed on to US workers, consumers and companies.
上海千花网品茶微信Capriciousness will not help the US government improve its position in trade talks with China, but wi
ll harm its reputation, Wei said. He said the US approach of placing extreme pressure on its
trade counterpart won’t work, and China’s core concerns must be addressed during consultations.上海千花网
China saw encouraging economic growth in the first half, especially in attrac
上海千花网品茶微信ting foreign direct investment and foreign trade. With its fast-growing ma
nufacturing and service sectors, as well as massive domestic market, the country is capable of withstanding any pr
essure if no deal is reached, said Xue Rongjiu, deputy director of the China Society for WTO Studies.上海千花网
上海千花网品茶微信He said Washington should drop its fantasy of pressing Beijing with its same old tricks of maximum pressure. If it tr
uly wants a deal, then it will need to show both real sincerity and actions to prove it can keep its word.