China says economic impact of US trade tensions ‘controllable’

By: |
Published: May 17, 2019 8:55:37 AM

The National Development and Reform Commission (NDRC) gave its assessment during a press conference held in Beijing.

US china trade war, US trade tensions, China economy, NDRC, Beijing, latest updates on US china trade warChina reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. (Reuters)

China’s state planner said on Friday trade frictions with the United States has had some impact on China’s economy, but it was “controllable” and countermeasures would be rolled-out when needed to “keep economic operations within reasonable range”.

Also read: US trade war will only make us stronger, China’s top paper says

The National Development and Reform Commission (NDRC) gave its assessment during a press conference held in Beijing. China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1US-Iran tensions: Pakistan asks all sides to show restraint
2India Mexico inaugurate a business chamber to encourage more trade and investments
3India faces economic slowdown; here’s what SBI suggests to revive growth