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n Tuesday afternoon, Xi called for efforts to make new advances in the development of the countr
y’s central region. Xi presided over the meeting,
at which he was briefed by the Party secretaries of Shanxi, Anhui, Jiangxi, He nan, Hubei and Hunan provinces, as well as He Lifeng, head of the National Developm
ent and Reform Commission. Promoting the rise of the central region is an important strategic decis
ion made by the CPC Central Committee, Xi said, adding that it has great significance in ac
e goal of building a moderately prosperous society in all respects. Xi said that although China is still in an impor
tant period of strategic opp ortunity for its development, the country faces an increasingly complicated international situation.
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be f
airly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges.
they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said.
ion will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen.
uo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.