Deputy Head of the National Bureau of Statistics Sheng Laiyun stated that China's economy "has a stable foundation and strong resilience" and can withstand external pressure.
Tariffs imposed on Chinese goods by the United States, which are currently as high as 145%, will lead to greater pressure on China's trade and economy in the short term, he said, according to the Global Times. On the other hand, Shang declared US levies would not change the country's long-term positive economic trends.
He reiterated Beijing's stance that tariffs are "harmful" for everyone.
