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China defiant against proposed US tariffs, seeks stable trade relations

( November 22, 2024, 05:34 GMT | Official Statement) -- MLex Summary: China is able to defuse and withstand the impact of external shocks because it is building a new development pattern that takes the domestic market as the mainstay, with the domestic and international markets reinforcing each other, Vice Commerce Minister Wang Shouwen said at the State Council press briefing today. The remarks were made in response to media inquiries about US President-elect Donald Trump's mention of proposed 60 percent tariffs on Chinese exports, Wang emphasized the strong economic complementarities between China and the US, and called for a stable, healthy and sustainable trend in trade relations that benefits both nations and the global economy. China, Wang said, is open to dialogue based on mutual respect and cooperation while vowing to safeguard its sovereignty and interests. An excerpt of transcript follows:...

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