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China has confidence to cope with any form of protectionist acts: MOC

Updated: Mar 29,2018 1:40 PM     Xinhua

BEIJING — China’s Ministry of Commerce (MOC) said on March 28 that China is confident it will be able to react against any form of trade or investment protectionist act.

Gao Feng, spokesperson for the MOC, made the remarks in response to a question about how China would be affected by the US government plan to slap tariffs on about $50 billion of Chinese imports and restrict Chinese investment.

Trade with the United States, valued at about $580 billion, accounted for 14.1 percent of China’s total foreign trade. China’s investment in the country, valued at about $7.8 billion, accounted for 6.5 percent of its total nonfinancial outbound investment, Gao said at the news conference.