China’s Commerce Minister Wang Wentao has condemned U.S. tariffs while asserting the nation’s economic resilience. He emphasized that there are no winners in a trade war and expressed readiness for talks. Despite challenges, China is actively pursuing international trade agreements and investing in consumer demand and infrastructure to drive economic growth.

In recent statements, China’s Commerce Minister Wang Wentao criticized the tariffs imposed by the United States, emphasizing that China’s economy remains robust despite such challenges. Furthermore, he asserted that in a trade war, there are ultimately no victors. Addressing the National People’s Congress, Wang conveyed that although China is ready for discussions, it remains committed to defending its interests against coercive tactics.

Wang highlighted the resilience of China’s economy by reaffirming its significance as a primary trading partner for 140 nations and noted that the country has numerous alternatives in global trade, including over 30 free trade agreements. He expressed China’s willingness to expand these agreements while encouraging domestic companies to pursue international market opportunities.

Amid economic pressures stemming from a stagnating housing market and difficulties arising from the COVID-19 pandemic, Zheng Shanjie, the head of the National Development and Reform Commission, stated that economic growth forecasts for 2025 are projected at 4.6% to 4.8%, which is below the government’s target. To counter these issues, the Chinese government plans to enhance consumer demand and business investments through a newly drafted action plan.

Finance Minister Lan Fo-an further disclosed commitments to investing in education, social security, and public health to stimulate growth. He promised that resources will be responsibly allocated to ensure effective spending, indicating a proactive approach to these challenging economic conditions.

Overall, while maintaining a firm stance against U.S. tariffs, China is actively preparing to retain its economic momentum by fostering trade relationships and addressing domestic challenges.

In conclusion, China’s leadership exhibits a strong commitment to its economic resilience despite U.S. tariffs. The statements from top officials indicate readiness for negotiation, a willingness to diversify trading partnerships, and a focus on domestic economic recovery. With expected growth rates below target, the Chinese government is prioritizing consumer and business investment to combat economic sluggishness. The overall outlook reflects a balanced strategy of resistance to external pressures and internal development.

Original Source: apnews.com

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