China slams Donald Trump’s ‘false and fake’ assessment of its economic performance amid trade war tensions
- Beijing has ‘full confidence’ in its economy, which has continued to expand despite Washington’s protectionist measures, foreign ministry says
- But latest indicators show China’s industrial output slowed significantly in April
China on Wednesday hit back at claims by US President Donald Trump that America had the upper hand in the trade war, with the foreign ministry accusing him of using “false information” to support his argument.
Trump told reporters on the South Lawn of the White House on Tuesday that the US was “having a little squabble with China because we’ve been treated very unfairly for many, many decades”.
He said on Twitter the same day that: “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing.”
The tariffs the US had imposed on Chinese imports meant manufacturers would move away from China so they could maintain their access the US market, he said.
“Many companies are leaving China so that they will be more competitive for USA buyers.”
