detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ
omist at the China Center for International Economic Exchanges.
Whether they buy finished products or goods made from r
aw materials and components, the tariffs still exist, Chen said.
The escalation will make goods produced by both countries less co
mpetitive and cause large-scale job losses, said Chen.
Wei Jianguo, former vice-minister of commerce, said economic conflict
s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
ic and trade consultations, with a goal of implementing the consensuses President Xi Jinping and US President Donald Trump r
eached in December, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.
China has made various moves recently to expand the new round of reform and opening-up — such as the approval of the Foreign Investm
ent Law in March and further facilitating trade connectivity under the Belt and Road Initiative. It will cont
inue opening its market in a proactive, steady and orderly manner, in accordance with its own development ne
eds and its own pace and timetable, to benefit Chinese and global consumers across the world, said Tu Xinquan, a pro
fessor of international trade at the University of International Business and Economics in Beijing.
James Collins, CEO of Corteva Agriscience, the agricultural division of US-bas
ed DowDuPont, said he hopes the two countries will reach a positive resolution, to benefit both countries and the re
st of the world. Collins said his firm was “not so much affected” in the short term by China-US trade tensions.
d further enhance border management to safeguard the safety and stability of the border region, Xi said.
China-Myanmar relations have developed well in all areas, Xi said, add
ing that the two countries have made new progress in jointly building the Belt and Road.
Cooperation between the two countries and the two armies has maintained sustainable and healthy dev
elopment, Xi said, adding that the visit is expected to bring new progress in their defense and military cooperation.
Min Aung Hlaing said Myanmar and China have a long history of traditional friend
ship, and the two countries and two armies have maintained good development.
Myanmar is grateful for China’s support for the development of the country and the ar
my, he said, adding that Myanmar appreciates China’s support of its domestic peace process.
Myanmar welcomes and supports the building of the Belt and Road, and the country wo
uld like to take effective measures to maintain the stability of the border region, he added.
Min Aung Hlaing is making his fifth visit to China since becoming Myanmar’s commander-in-chief of defense services in 2011.