China's trade rep says 'external pressures' can help economy

From left; Yi Huiman, Chairman of China Securities Regulatory Commission, Chinese Vice Premier Liu He, Shanghai Party Secretary Li Qiang, Shanghai mayor and Ying Yong applaud during a ceremony for the launch of the SSE STAR Market, previously referred to as the Shanghai Science and Technology Innovation Board, in Shanghai, Thursday, June 13, 2019. Chinese media say the country's top trade negotiator has told a forum in Shanghai that "external pressures" can help the economy. (Chinatopix via AP)

Chinese media say the country's top trade negotiator has told a forum in Shanghai that "external pressures" can help the economy

BEIJING — Chinese media say the country's top trade negotiator has told a forum in Shanghai that "external pressures" can help the economy.

Hong Kong's South China Morning Post and mainland Chinese media outlets reported Thursday that Vice Premier Liu He described the pressures that China is currently facing as an "inevitable test."

He said the pressures "will help us improve innovation and self-development, speed up reform and opening up, and push forward with high-quality growth."

The South China Morning Post says he did not directly reference the U.S.-China trade dispute. The U.S. has accused China of stealing trade secrets and forcing American companies to transfer technology. China says the U.S. is trying to stifle its economic development.

You may also like these

Global markets mixed after Wall Street loss

Dec 23, 2016

Asian markets are mostly lower while Europe has gained in early trading ahead of the Christmas...

Asian shares mixed as investors consider latest...

Jan 5, 2017

Asian stock indexes mixed as investors assess latest Fed meeting minutes; Japan shares slip as yen...

DEA opens shop in China to help fight synthetic...

Jan 6, 2017

The U.S. Drug Enforcement Administration plans to open a new office in southern China and, at...

China pledges further cuts in excess steel, coal...

Jan 10, 2017

China's top economic planner has pledged to continue cutting steel and coal production, which have...

China state media call Trump's Taiwan strategy...

Jan 16, 2017

China's state-run media says President-elect Donald Trump "speaks like a rookie" and called his...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com