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.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.#
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.
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