The Controllable Impact Of Sino-US Economic And Trade Frictions On China's Economy

The U.S. raised its tariff stick and listed China as a "currency manipulator" in an attempt to escalate economic and trade frictions. This will not help solve the problems facing its domestic economy, politics and society, but will negatively affect the U.S.

The economic and trade frictions provoked by the United States will destroy the existing efficient global value chains, industrial chains and supply chains, endanger the global economic order, lead to inefficient allocation of resources worldwide, and increase the downside risks of the world economy.

On August 6, the Symposium on Sino-US Economic and Trade Relations, sponsored by the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, was held in Beijing. Experts and scholars at the meeting said that there were no winners in the trade war. The economic and trade frictions between China and the United States had a controllable impact on China's economy and China had a stronger endurance in the protracted war. The United States has provoked a trade war that has harmed people and harmed the world economy.