Chinese leader, Xi Jinping, has insisted his country is “not
afraid.”
This marks Jinping’s first public comment on the escalating
trade war with the United States.
Xi made the remarks while speaking with Spanish Prime
Minister Pedro Sanchez in Beijing on Friday, according to state broadcaster
CCTV.
The trade war initiated by President Donald Trump has shaken
international markets and stoked fears of a global recession.
“There are no winners in a trade war, and going against the
world will only lead to self-isolation,” Xi said.
“For over 70 years, China’s development has relied on
self-reliance and hard work — never on handouts from others, and it is not
afraid of any unjust suppression.”
“Regardless of how the external environment changes, China
will remain confident, stay focused, and concentrate on managing its own affairs
well.”
Xi’s remarks come shortly after The White House announced
that the combined duties imposed by the Donald Trump administration on Chinese
goods now total 145 per cent, effective immediately.
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