Saturday, August 24, 2019

China Vows To Fight Trade War ‘To The End’



SCMP: China pledges to fight trade war ‘to the end’ and hits back at Donald Trump’s ‘barbaric’ tariffs

* US president reacts to Beijing’s latest move by stepping up tariffs and lashing out at ‘enemy’ Xi Jinping in flurry of tweets
* Communist Party mouthpiece says country has the strength to continue and warns the will to defend its core interests is ‘indestructible’

China on Saturday said it would continue fighting the trade war with the US “until the end” after the two sides slapped further tariffs on each other’s goods.

The commerce ministry issued a statement calling on Washington not to “misjudge the situation and underestimate the determination of Chinese people” after US President Donald Trump announced new tariffs on Chinese imports. “The US should immediately stop its wrong action, or it will have to bear all consequences,” the statement said.

Read more ....

WNU Editor: Rhetoric aside, China (like the U.S.) is facing economic headwinds .... China’s enormous debt ‘no longer can be ignored,’ analyst says (CNBC).

Update: Some countries are waking up to China's "debt trap" policies .... African Countries Take Bold Step to Cancel Chinese Investment Projects (Epoch Times).

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