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"Capital management at the core shows that the government's supervision over central SOEs has risen to a higher level," said Li Jin, chief researcher at the China Enterprise Research Institute,
"China not only has a competitive edge in the production of light industrial goods or textiles but also is almost on a par with the developed economies in terms of manufacturing of high-tech products and major equipment," said Wei Jigang, a researcher with the Development Research Center of the State Council, China's Cabinet.
"China is no longer collecting the retaliatory tariffs placed on many US farm goods because of the trade dispute. China now appears likely to meet a commitment to import at least 7 million metric tons of corn each year, and some barriers to US meat exports have been removed," he said.
"China in the new era will present new opportunities for world development and bring new and more opportunities for BRICS cooperation as well," he said.
"Canada, Mexico, the EU and China have already retaliated — or announced plans to retaliate — with billions of dollars in tariffs on US-made products," the US Chamber said, adding that approximately billion worth of US exports will be subject to retaliatory tariffs as of this week.
