Chinese President Xi Jinping called on Wednesday to take measures to adapt to changes in international circumstances, while the country is preparing its economic plans for the next five years, according to the new China News Agency (Xinhua).
A global trade war shakes the spark of US President Donald Trump the financial markets and intensifies fears of economic stagnation, as it threatens the escalation of mutual customs duties between the two largest economies in the world by disrupting supply chains and a large group of sectors.
“It is important that our outlook for future changes in the international scene and its impact on China,” the agency quoted X
“The country must control its economic structure accordingly,” he added, without directing its statements directly to the trade war on the United States.
The major policy makers in China pledged to support the most affected companies and workers from the impact of American customs duties that exceeded 100%, and urged the country to prepare for the worst scenarios.
We will never kneel
Yesterday, China criticized the US president’s trade war against it, confirming that it would not be acquies from, and called on the international community to stand in the face of American bullying according to its expression.
The Chinese Foreign Ministry said in a video published in the English language with a translation of Chinese, that “the bending in front of the bully is similar to the poisoning of thirst, and the crisis is exacerbated.”
China described the United States as a “paper tiger”, and indicated that US imports and exports are less than one -fifth of world trade, and that the United States “does not represent the whole world.”
“History has proven that bowing only leads to more bullying, and China will not be acquired,” she added.
In the video, the Chinese Foreign Ministry also called on the countries of the world to break the American hegemony, and pledged that Beijing “will stand up, no matter how the winds are, and one of them should advance, carrying a torch in his hand, to turn the fog and illuminate the road.”
“When the rest of the world is solidarity, the United States becomes just a small jinn boat, and the United States will undoubtedly continue to fluctuate in its positions and practice militancy,” China said in the video.
On April 10, the White House confirmed that the large increase in customs duties imposed by Trump on Chinese goods, and entered into force on the same day, raised the additional definitions imposed by Washington on Beijing to the level of 145%.
Trump announced weeks ago the imposition of customs duties, some of which were often confused, on many countries, including Canada, Mexico and China, which sparked unprecedented fluctuations in the markets and negatively affected the confidence of investors in American assets.
China responded by imposing fees on American goods by 34%, and later announced the increase in these reprisals to 125%.
Trump recently expressed a preparation for negotiations with China on customs duties, and his administration indicated last week its openness to calm the trade war between the two largest economies in the world that sparked fears of recession.
