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China economy
EconomyChina Economy

China’s vice-president vows to keep ‘strategic focus’ amid mounting challenges of trade war

  • Wang Qishan makes unusual appearance at the ‘non-government’ Imperial Springs International Forum in Guangzhou
  • The closest aide to President Xi Jinping says the mainland will strive to lead ‘economic globalisation’ and open its market wider despite ongoing US trade war

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China’s Vice-President Wang Qishan addressed the Imperial Springs International Forum in Guangzhou. Photos: Xinhau
Amanda Lee

Vice-President Wang Qishan said China will maintain its “strategic focus” and will not abandon its economic model, at a time when the country is facing an increasingly hostile external environment due to the trade war with the United States.

Wang told an event in Guangzhou on Monday that China would strive to be a leader in ‘economic globalisation’ and pledged support for the multilateral economic system.

After four decades of nearly uninterrupted economic boom, China’s growth prospects have been dampened in 2018 by the rising trade and geopolitical tensions between Beijing and Washington, fanning speculation over whether China’s growth may be stunted.
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Wang, the closest aide to President Xi Jinping and a historian by training, was making a rare appearance at a “non-government” event, the Imperial Springs International Forum in Guangzhou.

We must conform to the historical trend and maintain strategic focus to adapt and lead economic globalisation.
China Vice-President Wang Qishan

At last year’s event, the most senior government speaker was Li Xi, the Communist Party Secretary for Guangdong. The presence of such a senior official is indicative of the gravity of the current geopolitical situation.

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