Economics
China Digs In on Trade as Tariffs Near, Economy Deepens Slowdown
- Commerce Ministry says U.S. investment curbs will backfire
- Economy slowdown seen bedding in, according to Bloomberg gauge
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China reiterated its opposition to new curbs on investment in the U.S., as White House officials tussle over trade policy and the imposition of tariffs approaches.
Restrictions on U.S. exports to China -- of sensitive technologies that the government wants to protect -- will backfire, hampering President Donald Trump’s intention to lower his nation’s trade deficit, according to Commerce Ministry spokesman Gao Feng on Thursday.