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China-Trade Frictions/Economic Impact
Beijing, China - April 18, 2018 (CCTV - No access Chinese mainland)
1. Press conference of National Development and Reform Commission (NDRC) in progress
2. Various of press
3. SOUNDBITE (Chinese) Yan Pengcheng, spokesman, National Development and Reform Commission (NDRC):
"As for how much of an impact the U.S.-initiated trade frictions will have on China's economy, I can tell everyone here that China has considered the bottom line and prepared various contingency plans and policy reserves to deal with trade frictions. Taking everything into consideration, any impact on the Chinese economy from the China-U.S. trade frictions will be limited and manageable. We are confident and capable of maintaining the stable development of our economy with every resource that is available."
FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
4. Various of machines in operation, employees working
Trade frictions with the United States have a limited and controllable impact on the Chinese economy, an official from China's top economic planner said Wednesday.
"China has considered the bottom line and prepared various contingency plans and policy reserves to deal with trade frictions," Yan Pengcheng, spokesman of the National Development and Reform Commission, mentioned during a press conference.
The spokesperson further added that the supply-side structural reform and new growth momentum have laid a solid foundation to prepare China for the external impact, citing the reassuring performance of China's economy in the first quarter as evidence to back up his argument.
China's economy demonstrated its resilience by delivering a solid start to the year with GDP expanding 6.8 percent year on year at comparable prices in the first quarter, official data showed.
"We are confident and capable of maintaining the stable development of our economy," he said.
As some sectors of Chinese exports are expected to be affected by the U.S. protectionist measures, Yan believes that eventually the burden will be shifted onto consumers and related manufacturers in the United States.
According to him, China hopes to work together with other countries to conform to the trend of the times and create a more favorable environment for globalization and cross-border investment.
China-Trade Frictions/Economic Impact
Dateline : April 18, 2018/File
Location : Beijing,China
Duration : 1'38
Beijing, China - April 18, 2018 (CCTV - No access Chinese mainland)
1. Press conference of National Development and Reform Commission (NDRC) in progress
2. Various of press
3. SOUNDBITE (Chinese) Yan Pengcheng, spokesman, National Development and Reform Commission (NDRC):
"As for how much of an impact the U.S.-initiated trade frictions will have on China's economy, I can tell everyone here that China has considered the bottom line and prepared various contingency plans and policy reserves to deal with trade frictions. Taking everything into consideration, any impact on the Chinese economy from the China-U.S. trade frictions will be limited and manageable. We are confident and capable of maintaining the stable development of our economy with every resource that is available."
FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
4. Various of machines in operation, employees working
Trade frictions with the United States have a limited and controllable impact on the Chinese economy, an official from China's top economic planner said Wednesday.
"China has considered the bottom line and prepared various contingency plans and policy reserves to deal with trade frictions," Yan Pengcheng, spokesman of the National Development and Reform Commission, mentioned during a press conference.
The spokesperson further added that the supply-side structural reform and new growth momentum have laid a solid foundation to prepare China for the external impact, citing the reassuring performance of China's economy in the first quarter as evidence to back up his argument.
China's economy demonstrated its resilience by delivering a solid start to the year with GDP expanding 6.8 percent year on year at comparable prices in the first quarter, official data showed.
"We are confident and capable of maintaining the stable development of our economy," he said.
As some sectors of Chinese exports are expected to be affected by the U.S. protectionist measures, Yan believes that eventually the burden will be shifted onto consumers and related manufacturers in the United States.
According to him, China hopes to work together with other countries to conform to the trend of the times and create a more favorable environment for globalization and cross-border investment.
ID : 8078655
Published : 2018-04-19 05:12
Last Modified : 2019-03-14 17:54:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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