China stats bureau deputy head:
- Protectionism is rapidly rising globally, world economic order has been severely damaged
- Resolutely opposes US tariffs which are against economic rules, WTO rules
- High US tariffs will bring about some pressures on China’s trade and economy
- US tariffs will not change the long-term improving trend in China’s economy
- China has ‘rich’ policy toolkit to support the economy
- China is able, has confidence in dealing with external challenges and achieving economic growth target
- China stats bureau deputy head: macro economic policies will become more proactive this year
Earlier:
- China Industrial Output March 2025 surges to +7.7% y/y (expected 5.8%, prior +5.9%)
- China Q1 GDP +1.2% q/q (expected +1.4%)
- Tesla’s plans to ship Cybercab & Semi electric truck parts from China to US suspended
- Hong Kong suspends postal service for good bound for US – refuses to collect tariffs
- U.S. plans to use tariff negotiations to isolate China (Wall Street Journal piece)
This article was written by Eamonn Sheridan at www.forexlive.com.
