China says economic impact of US trade tensions 'controllable'

China said that countermeasures would be rolled out when needed to "keep economic operations within reasonable range", in response to the impact of trade frictions with the United States on its economy.
China said that countermeasures would be rolled out when needed to "keep economic operations within reasonable range", in response to the impact of trade frictions with the United States on its economy.PHOTO: REUTERS

BEIJING (REUTERS) - China's state planner said on Friday (May 17) that trade frictions with the United States has had some impact on China's economy, but it was "controllable" and countermeasures would be rolled out when needed to "keep economic operations within reasonable range".

The National Development and Reform Commission (NDRC) gave its assessment during a press conference held in Beijing.

China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the US escalates.

This story is developing.