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China's Top Leaders Pledge Economic Support As Trade War Rages

China
International Business Times Fews App News Provider
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China's top leaders pledged to step up support for the economy while acknowledging that 'external shocks' were increasing AFP China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global trade in a veiled rebuke of hefty tariffs imposed by US President Donald Trump. The world's two largest economies are engaged in a high-stakes trade war that has spooked markets and spurred major manufacturers to reconsider supply chains. Leaders at a gathering of the Chinese Communist Party's top decision-making body focused on economic work, which was attended by President Xi Jinping, acknowledged that "the impact of external shocks is increasing", state news agency Xinhua reported.

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