Experts Are Wary Of Economic Growth Figures Presented by China

Asked about the potential impact of action by Trump, Ning said China should maintain “medium to high-speed growth”.

During the campaign, Trump called climate change a “hoax” created by the Chinese government so that manufacturers in the US would become less competitive with their Chinese counterparts.

In Washington, a top aide to US President Obama on Tuesday reiterated the stance of the current administration that the “One-China” policy is “not negotiable”, slamming any effort to reopen the issue as “dangerous”. “The whole world thinks he will be an unreliable president, but do not forget that he is also a businessman”, said one factory owner with the surname of Sun.

Canada is already planning to begin exploratory free trade talks with China in the coming weeks, despite polls showing Canadians are concerned about the initiative.

China powered through a volatile start to the year, propelled by robust consumption from an increasingly wealthy middle class.

In an editorial, the Global Times said that as the United States has the stronger economy, China may suffer more once a trade war starts, but China “will take the USA on to the end”. However, he said, “We don’t want to do things that are counterproductive to both countries”.

There’s a wide range of issues China would consider it “unfriendly” for Canada to raise, he said.

President Xi Jinping flagged the 6.7% annual rate in his speech to the world elite in Davos, Switzerland, earlier this week.

Trudeau recently announced a review of a Harper government decision to cancel the sale of a Montreal high-tech firm to a Chinese company over national security concerns.

China’s sluggish exports also could come under fresh pressure if Donald Trump follows through on pledges to impose tough protectionist measures. “China may not be that vulnerable to trade barriers in the U.S.”, Jen wrote.

Congratulating Trump on his election, the government pledged to “continue to strengthen Taiwan-US relations in future on the basis of excellent mutual trust and interaction”.

Trump, who takes office tomorrow, has rattled China with threats to impose tariffs on Chinese imports and by questioning Washington’s commitment to the “One-China” policy, under which America acknowledges that Taiwan is part of China.

Beijing has always claimed rights over the island nation since defeated Nationalist forces fled from China to Taiwan in 1949 after losing a civil war with the Communists. After Trump continually threatened to raise import taxes on Chinese goods in the US throughout his campaign, the Chinese government reacted furiously when Trump took a congratulatory phone call from Taiwan President Tsai Ing-wen on December 2.

Chinese Commerce Ministry spokesman Sun Jiwen said the government was willing to work with the new USA administration to promote the healthy development of commercial ties.

“Leaders of both countries will join hands to send strong signals to fight against any form of global protectionism blocking trade and investment flow”, he said.

As the Chinese government considers its response to a potentially hostile new USA administration, officials have ordered the press only to publish reports on the ceremony written by central state media, according to Chinese journalists. China is the island’s only military rival.

China “is ripping us off, folks!” said Donald Trump in April 2016.

But on the eve of Trump’s swearing in, China’s government and state-run media struck a conciliatory tone with the man about to become the United States’ 45th president. “It makes me very anxious about the China relationship”.

That temporary upturn is unlikely to last, economists said.

In a recent interview with the Wall Street Journal, Mr Trump said the “one China” policy was up for negotiation. If everyone believed a plunge was coming, investors would have to assume much more downside risk than they are at present.

“If China tells Canada to not be friends with Taiwan, be friends with Taiwan more”, Pan said.

Since taking office in May, Tsai has taken a cordial but guarded approach to China. “The person who taught me this was the chief of staff for the old Trudeau”.