China will use trade war with U.S. to replace imports – state media

China is not afraid of “extreme measures” the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said. The world’s two largest economies dove deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump’s planned levies on $200 billion worth of Chinese goods. “To deal with the trade war, what China really should do is to focus on doing its own …read more

Source:: Yahoo Finance

      

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