Don’t miss the latest developments in business and finance.

China has contingency plans to deal with U.S. trade frictions: state planner

Image
Reuters BEIJING
Last Updated : Apr 18 2018 | 8:45 AM IST

BEIJING (Reuters) - China has various contingency plans and policy reserves to deal with trade frictions started by the United States, the country's top economic planner said on Wednesday.

The impact from trade frictions between China and the United States on China's macro economy is limited and manageable, Yan Pengcheng, spokesman for the National Development and Reform Commission, told a news conference.

Trade tensions have been escalating between the world's top two economies, leading to worries that Washington and Beijing may engage in a full-scale trade war that could damage global growth and roil markets.

(Reporting by Stella Qiu, Lusha Zhang and Se Young Lee; Editing by Jacqueline Wong)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Apr 18 2018 | 8:41 AM IST

Next Story