Media from many countries commented on China's economy's ability to withstand shocks, China seeks to resolve tariff issues but refuses to surrender

CCTV.com2025-05-12


CCTV News: As the Trump administration in the United States continues to put extreme pressure on China to impose tariffs, China has issued a white paper "China's Position on Several Issues Concerning China-US Economic and Trade Relations", clarifying the facts of China-US economic and trade relations and expressing its position, and at the same time quickly introduces a series of measures to resolutely counter them.


Reuters from the UK: China has strongly fought back against the escalation of US tariffs

The Chinese government has issued a white paper "China's Position on Several Issues Concerning Sino-US Economic and Trade Relations", pointing out that the imbalance in commodity trade between China and the United States is not only an inevitable result of the structural problems of the US economy, but also a result of comparative advantages and international division of labor between the two countries. China never deliberately pursues a trade surplus. Trump has repeatedly raised tariffs on Chinese goods, and China has resolutely fought back and took a series of measures, including raising the tariff rate on imported goods originating from the United States to 84%. China's Ministry of Commerce directly pointed out that "there is no winner in the trade war". China sought to resolve the tariff issue, but refused to surrender.


Hong Kong South China Morning Post: American consumers are unable to get rid of their dependence on Chinese goods

Despite the continuous adjustment of global supply chains, American consumers are still unable to get rid of their dependence on Chinese goods, and the Trump administration's tariff policies are forcing them to bear pressure on price increases. Electronic products imported by the United States from China have been severely impacted. Taking Apple as an example, most of its products are still completed in China. Analysts stressed that the electronics industry accounts for a large share of US imports, has a low current tax rate, and is heavily dependent on Chinese supply, and tax pressure is the first to be affected. China still dominates manufacturing, and Trump's tariff policy has put American consumers in a huge impact.


Singapore The Straits Times: The United States provokes disputes and intensifies economic turmoil

In response to the Trump administration's so-called reciprocal tariff policy, Singapore Prime Minister Wong Xuncai warned that if the Sino-US dispute escalates and undermines the stability of relations between the two countries, it will have disastrous consequences to the world. The United States regards China as a strategic threat that needs to be contained, further compressing the space for Sino-US dialogue and increasing the difficulty of risk control. He pointed out that the differences between China and the United States should be handled through a dispute settlement mechanism under the framework of the WTO. The current actions of the United States abandon the system it created will lead to the further collapse of global trade rules and order and increase uncertainty in the global economy.


Russian TASS: China's economy has the ability to withstand the impact

The article points out that although the tariff war will have a negative impact on the Chinese economy, it cannot destroy the stable growth of China's economy, and the Chinese economy is fully capable of resisting the impact. The development strategy China has implemented in recent years has prepared for such challenges. China has a "macro control toolbox", a stable political system, the world's most complete industrial chain, sufficient scientific and technological personnel, and an expanding domestic market, which is enough to allow China to firmly control the process of economic development. Since Trump announced the imposition of reciprocal tariffs, the market value of US stocks has evaporated by about US$5 trillion in two days, the largest drop in five years.


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