China will not yield to bullying and its economy can weather higher tariffs imposed by U.S. President Donald Trump and other challenges, the Chinese commerce minister said Thursday, though he added that there are “no winners in a trade war."
Speaking on the sidelines of the annual session of China's national congress, Wang Wentao reiterated Beijing's calls for talks. Coercion and threats are bound to fail, he said, noting that China’s role as a main trading partner of 140 nations means it has plenty of options. Wang and other officials outlined Beijing's strategies for building its economy and financial markets, but did not announce any major new initiatives.
