BEIJING: The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars.
Beijing has yet to say whether or how it will retaliate to the latest escalation in trade tensions, which saw Washington put telecoms equipment giant Huawei Technologies Co Ltd on a blacklist that will make it extremely difficult for the telecom giant to do business with US companies.
The world’s two largest economies are locked in an increasingly acrimonious trade dispute that has seen them level escalating tariffs on each other’s imports in the midst of negotiations, adding to fears about risks to global growth and knocking financial markets.
The United States is not sincere about wanting to resume trade talks with China and has damaged the atmosphere for negotiations with its recent moves, a state media social media account said.
Without sincerity there was no point in coming for talks and nothing to talk about, Taoran Notes, a WeChat account run by the Economic Daily, said in a post late on Thursday that was re-posted by the ruling Communist Party’s official People’s Daily.
China, which reported unexpectedly weak growth in retail sales and industrial output on Wednesday, also said on Friday that the impact of trade frictions on its economy was “controllable”.
“(We will) fully study the impact of the additional tariffs imposed by the United States, and promptly introduce countermeasures as needed to ensure that the economy operates within a reasonable range,” Meng Wei, a spokeswoman for the National Development and Reform Committee (NDRC), told a media briefing on Friday.
In Friday’s commentary, the ruling party’s official newspaper described China’s determination to protect its national interests and dignity as being as “firm as a boulder”.
“The trade war can’t bring China down. It will only harden us to grow stronger,” it said.
“What kind of storms have not been seen, what bumps have not experienced for China, with its more than 5,000 years of civilisation? In the face of hurricanes, the nearly 1.4 billion Chinese people have confidence and stamina.”
Huawei’s Hisilicon unit, which purchases US semiconductors for its parent, has been secretly developing back-up products for years in case Huawei was one day unable to obtain the advanced chips and technology it buys from the United States, its president told staff in a letter on Friday.
“Today, the wheel of destiny has turned and we have arrived at this extreme and dark moment, as a super-nation ruthlessly disrupts the world’s technology and industry system,” according to the letter.
Chinese state television has this week invoked a war theme, focusing on the 1950-1953 conflict between the two Koreas that saw Chinese troops back North Korea while the South was supported by the United States.
On Thursday, China Central Television replaced a programme about the ongoing Asian Film and TV Week with a 1964 Chinese movie on the Korean War, “Heroic Sons and Daughters.” — Reuters
Oman Observer is now on the WhatsApp channel. Click here
