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Chinese Commerce Minister on trade war

CNC
Added On March 12, 2018

Chinese Minister of Commerce has said China doesn't want a trade war with the United States and will not start one.
 
But he has said China can handle any related challenges and will defend national and Chinese people's interests.
 
Zhong Shan made the remarks on Sunday during a press conference on the sidelines of the first session of the 13th National People's Congress.
 
He said trade wars leave no winners, only disastrous outcomes for the two countries and the rest of the world.
   
The United States side formally declared to impose 25 percent tariffs on steel imports and 10 percent on aluminum, with initial exemptions for Canada and Mexico, saying such results could be made for other countries through negotiations.
 
Zhong pointed out that different statistical methods widen U.S. trade deficit with China by around 20 percent, citing the research of a joint work group tracking and comparing the two countries' trade figures.
   
Official data showed that China's trade surplus with the U.S. grew 13 percent year on year in 2017.
   
The minister said trade imbalance between the two countries is structural, with China exporting more commodities to the U.S. while importing more services.
 
He stressed that the two sides haven't halted economic dialogues and will continue the exchanges.