China reiterates that it will face the commercial war with the US “until the end”

China He reiterated on Thursday that the trade war with the United States will fight “until the end”, At a time when Washington’s tariffs hit the world economy and threaten to undermine the lag growth of the Asian giant.

The Chinese Minister of Commerce, Wang Wentao, warned that American tariffs threaten to disturb “The stability of global industrial and supply chains, thoughing the development of the world economy”

He alluded to the decision of the US President, Donald Trump, to impose additional tariffs on all Chinese imports.

“If the United States continues along this wrong path, we will fight until the end”, He declared Wang Wentao to journalists outside the “two sessions” annual of high -level political encounters in Beijing.

China raised on Wednesday the ambitious 5% growth goal for this year, with the promise to make domestic demand the economic engine.

But the president of the National Development and Reform Commission, Zheng Shanjie, acknowledged that the Chinese economy faces a growing “uncertainty”In the international environment, in addition to insufficient domestic demand.

However, he said that the second largest world economy will reach its growth goal for this year.

“We have the basic support and guarantees to achieve this year’s economic growth goal, of about 5%“Zheng said at a press conference.

“We have total confidence in this“He added, despite recognizing that”Uncertainty in the external environment is growing more“Due to Trump’s measures.

Speaking in the “two sessions”, Zheng said that “We also face problems such as insufficient domestic demand, and production and operation difficulties in some industries and some companies”

However, he said, “We feel that these difficulties and challenges are in the development and progress process, and that they can be overcome and resolved. ”

For his part, the Minister of Finance, Lan Fo’an, told journalists that “Fiscal spending will expand more, strongly promoting sustainable and healthy economic and social development. ”

Meanwhile, the president of the Central Bank of China, Pan Gongsheng, announced a cut in interest rates this year to stimulate the economy.

“We will reduce the coefficient of mandatory reserves and interest rates as appropriate based on local and international economic and financial situations”, Pan assumed journalists.