China will further enhance its strategic strength with strong bottom-line thought, follow its own pace in developing its economy and will not compromise in the way the United States wants in order to resolve bilateral trade issues, experts said.
They described China’s stance after the US administration said on Thursday that it would impose an additional 10 percent tariff on $300 billion worth of Chinese goods starting Sept 1. The new tariff threat came just after the 12th round of bilateral trade talks in Shanghai.
The plan will put additional tariffs on virtually all Chinese products entering the US except for medicines.The US goal in imposing new tariffs is to build a global industrial chain and technology advantage led by that country, experts said.
China doesn’t want to fight, but it is not afraid to do so because China has sufficient resources to counter the challenge, said Zhang Yansheng, former secretary-general of the academic committee of the National Development and Reform Commission.
