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Firms facing trouble due to trade conflict: PRC minister

08
Oct '19
Pic: Shutterstock
Pic: Shutterstock
With the US-China trade conflict showing no signs of easing, Chinese companies are facing difficulties, commerce minister Zhong Shan recently said. Trade faces ‘unprecedented challenges’, both external and internal, Zhong told a press conference in Beijing. China will expand imports and measures to stabilise trade will yield positive results, he assured.

A fresh round of high-level talks between both sides is expected in Washington DC on October 10-11, led from the Chinese side by President Xi Jinping's top economic adviser, Vice Premier Liu He.

The United States is considering radical new financial pressure tactics on Beijing, including the possibility of delisting Chinese companies from US stock exchanges, according to global newswires.

Despite a host of growth measures since last year, China's economy it yet to stabilise. While analysts expect growth could cool further this quarter from a near 30-year low of 6.2 per cent in April-June, Beijing is expected to announce more support measures in coming months to avert the risk of a sharper economic slowdown.

Fibre2Fashion News Desk (DS)


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