China rely on 5% growth and defies Trump’s trade war
China rely on 5% growth and defies Trump’s trade war
Beijing/Hong Kong - China has set an ambitious growth goal of "around 5%" for 2025. This is a courageous expression of self-confidence, while the country is on the effects of the Customs prepared for the export -oriented economy.
China's determination and government declaration
"The goal underlines our will to meet difficult challenges and to work hard to achieve our goals," said Premier Li Qiang, China's second highest official, on Wednesday during his government report on the opening meeting of the National People's Congress (NPC), the nationwide committee without real power.
simultaneous appearances of the two superpowers
Li gave his speech at the moment, shortly before US President Donald Trump held his second term. These two significant moments were transferred on a shared screen, with both guides explained their strategies to strengthen the global economic position of their countries.
controlled unit in Beijing
In the impressive large hall of the people in Beijing, there was a picture of strict control and unity. XI Jinping and its most important managers were received with standing ovation, while Li's speech was accompanied by unanimous applause-a sharp contrast to the conditions in the US capitol, where several democratic MPs left the room and a long-time member of the congress was removed due to protest against Trump's speech.
China's perspective on the global economy
These impressions show that Beijing tries to present itself as a responsible and self -confident great power that exudes strong leadership potential both within the country and worldwide. "Under the leadership of XI Jinping and with the committed efforts of our people, we can overcome any difficulty in persecution of our development," said Li in his speech. "The huge ship of the Chinese economy will continue to cut through the waves and steadily sail towards the future."
references to trade conflicts
LI did not address the USA directly because China's government reports typically avoid the name of other countries. However, he alluded to rising tariffs that influence the global economy, as well as a changing global environment.
Trump's trade war and its effects
In his approximately one -hour speech,Trump rarely mentioned, apart from the tariffs and the Panama Canal, which he had incorrectly accused in the past of being "operated" by China. Instead, he vehemently turned against other Asian countries such as South Korea and India, which in his opinion operated unfair trade.
reactions to American trade measures
China's ambitious growth goal reflects the attempt to project self -confidence into your own skills, despite the increasing trading squeezers of the world's greatest economic power and its unpredictable president. While thousands of Chinese delegates gathered in Beijing this week, Trump escalated his trade war on Tuesday by doubling the tariffs to all Chinese imports to 20%, in addition to existing tariffs to hundreds of dollars of Chinese. This happened just a few days after his government threatened to tighten the controls to prevent the American technology from financing China's own technology efforts.
China's answer to the trade conflicts
Beijing reacted quickly with retaliation measures by duties of up to 15% to selected American imports, including important agricultural products . In addition, export controls were extended to a dozen US companies and a complaint was submitted to the world trade organization. In addition, the imports of US wood and soybeans were exposed to three American companies.
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