TIANJIN, China, Sept 18: The United State’s trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior Chinese securities market official said on Tuesday.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said at a conference in Tianjin that he hopes the two sides can sit down and negotiate on trade and that he looks forward to good China-US trade relations over the long term.
US President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports. (AGENCIES)
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