BEIJING: Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday.They have levied punitive duties on hundreds of billions of dollars of each other’s goods, roiling financial markets and threatening global growth.
A new round of high-level talks between the world’s two largest economies is expected in Washington on Oct 10-11, led from the Chinese side by President Xi Jinping’s top economic adviser, Vice Premier Liu He. The Trump administration is considering radical new financial pressure tactics on Beijing, including the possibility of delisting Chinese companies from US stock exchanges.
The trade war has added to tensions between China and the United States, whose ties are also strained over US criticism of human rights issues in China, including protests in Hong Kong, the disputed South China Sea and US support for Chinese-claimed Taiwan.