China signals possible shift in stance in trade war

Workers in a Chinese factory for inflated toys, which is mainly for overseas markets. The Trump administration threatened 10 per cent tariffs on another US$200 billion of Chinese goods on Tuesday.
Workers in a Chinese factory for inflated toys, which is mainly for overseas markets. The Trump administration threatened 10 per cent tariffs on another US$200 billion of Chinese goods on Tuesday.PHOTO: EPA-EFE

It boasts of rising foreign investments, stops mentions of tit-for-tat retaliation

China has gone to great lengths to show the world that extensive reforms have paid off and its economy is more open for business than ever, despite a brewing trade war with the United States.

And in a signal that Beijing might be changing stance in the ongoing trade fight with the US, officials did not repeat a previous pledge to respond like-for-like to new US tariffs looming next month.

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A version of this article appeared in the print edition of The Straits Times on July 13, 2018, with the headline 'China signals possible shift in stance in trade war'. Print Edition | Subscribe