Beijing – China replied to President Trump's trade war on what Mr. Trump was not used to. Now before 20% tariffs for all exports to the US, Beijing refused to retreat – despite his own economic problems – and there are By striking the US with its own tariffs. Beijing's air force was clearly predicted on Wednesday at the opening of the National People's Congress.
Thousands of delegates from all over the country descended to the central square of the Chinese capital. Dressed in their sophistication, including some in traditional clothes, they came to Beijing to the most important event in the political calendar in China. But for the members of the legislative body in the Chinese rubber, some topics were clearly outside when talking to CBS News.
None of the legislators would answer if he was asked about any problems they may arise in relation to A trading war between the two largest economies in the worldWhether Presidents Trump and Xi Jinping can overcome their differences.
Linto Zhang/Getti
Once in the cavernous large hall of the people, the cameras turned to the main event. While NPC is mainly focused on China's sluggish economy, this year, discussion and public announcements are obscured by geopolitical events – in particular, a trade war with the United States.
The President of the SI, which the government announced its tariffs against the US only one day before the opening of NPC, was an observer at a massive meeting on Wednesday. His MP, Prime Minister Lee Ten, made a major address.
He announced ambitious The goal of GDP growth of 5% has made more financial resources aimed at stimulating the economy that died in unemployment among young people and weak consumer costs, except for protracted property crisis.
Lee acknowledged that China's geopolitical tensions are facing, including a reference to an escalation of a trade war, which, at least, does not show a signs of decline.
But some of the Chinese delegates who were present tried to stay hoped, at least when they talked to CBS News.
“As this kind of rivalry continues, the point will come when we can have a good settlement,” the delegate Lin Shun-Chao from Hong Kong predicted.
While many Chinese hope that Beijing and Washington will eventually reach trading transaction, it is worth noting how the stock markets in both countries responded to Tit-For Tat tariffs: Chinese shares have increased by about 15% since the beginning of the year, and the US markets decreased by almost 2%.
This is another sign – and perhaps more about the rhetoric from the podium on the NPC – belief in China, that the country's economy will be able to manage what Mr Trump throws at it.
Leigh Kiniry and Qian Zhao contributed to this report.
