China Tries to Downplay the Trade War’s Effects on Its Economy

Chinese leaders sent a clear message on the effects of the large rates of the Trump administration: things will be painful, but it is nothing that the country cannot manage.

A comment On Sunday in the spokesperson of the Communist Party, the daily people said that Beijing had prepared themselves for a commercial war with the United States and that China could potentially come out accordingly.

“The abuse of rates by the United States will have an impact on China, but” the sky will not fall, “he said.” China is a super economy. We are strong and resistant in the face of the tariff bullying of the United States. “

The comment highlighted how China hopes to position itself as the rates cause a growing economic interruption. He wants to be seen as a correspondent champion of fair trade that is too powerful to succumb to the pressure of the United States.

China has also tried to project solidarity with other nations targeted by the US rates in another on Sunday media comment.

In that piece, China has accused the United States of trying to “subvert the existing international economic and commercial order” by putting “American interests above the common good of the international community”. Washington was also advancing “US hegemonic ambitions at the cost of the legitimate interests of all countries,” he said.

China projection on the relative force denies the serious damage that the rates of the Trump administration could potentially inflict to the country.

Trump is making offers to transform a global trading system that China currently dominates. And exports remain the strongest engine for growth at a time when China is trying to dig from a real estate crisis and face other important economic problems.

Despite this, the daily comment of the people claimed that China was prepared to resist the rates of Mr. Trump because he was no longer so dependent on the US market for his exports. He also said that Chinese banks were well capitalized and had space to inject more money into the domestic economy. And he claimed that he can return to the United States with a series of new regulatory tools.

Some of these tools were used on Friday when China replied to the rates of Mr. Trump Putting 11 American companies in a list of unreliable entities and another 16 in a list of export control. He also announced the export checks on medium and heavy rare lands. This was added to slapped US goods with 34 percent rates to combine the duties imposed on Chinese assets.

For months, China has tried to engage in high -level interviews with the Trump administration in preparation for a potential summit between Mr. Trump and the best leader of China, Xi Jinping. But Beijing struggled to receive an answer from the White House despite Mr. Trump declared at the beginning of this year that he was open to commit himself to Mr. XI.

Replies of China a Two other rounds The 10 % rates imposed by the United States at the beginning of this year were calibrated to leave the door open for negotiations. Some analysts have said that on Friday countermeasures were also designed in this way.

The newspaper of the people said that China “did not closed the doors for negotiations”, but that it was prepared even for the worst. He said that the looming crisis would force China to continue reforming its economy to rely more on its vast internal market.

“We have to transform the pressure into motivation,” he said.

Despite all its swagger to resist American rates, China was also censoring the criticisms of its move to impose retaliation rates.

On Friday, a researcher from the Chinese Academy of the Social Sciences wrote on social media that the Chinese countermeasures were “completely wrong”.

“The United States are shooting themselves in the foot for rates, so we shouldn’t even shoot on the feet,” wrote the researcher, He Bin, who was deputy director of the center for public policy Research of the Academy. “The correct countermeasure is implementing unilateral zero rates on imports from all countries.”

Mr. has published the comment on his personal moments of WeChat, who are visible only to his friends and somehow similar to a private Facebook page. But a screenshot of the post quickly started circulating more widely.

So, Sunday, the Chinese Academy of the Social Sciences announced that he was closing The center where he worked. He did not give a reason for the closure, but mentioned internal regulations around the management of research centers. These regulations affirm Those centers, among other things, “must join the correct political direction”.

Even Mr. He of Ha’s screenshots were gray on Weibo, another social media platform.

The center may have already been under an intense control: its director, Zhu Hengpeng, was held and removed from his places last year after presumably having made critical comments to Mr. XI in a private group chat, The Wall Street Journal reported In September.

On Chinese social media, the nationalist commentators have rejoiced the closure of the center and connected it to Mr. is comments. “Sostly support the spirit of the central government directive!” He wrote a military blogger With 4 million followers on Weibo.