{"id":10613,"date":"2025-03-05T14:47:19","date_gmt":"2025-03-05T14:47:19","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trumps-trade-war-looms-over-chinas-sluggish-economy-despite-show-of-strength-at-national-peoples-congress\/"},"modified":"2025-03-05T14:47:19","modified_gmt":"2025-03-05T14:47:19","slug":"trumps-trade-war-looms-over-chinas-sluggish-economy-despite-show-of-strength-at-national-peoples-congress","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trumps-trade-war-looms-over-chinas-sluggish-economy-despite-show-of-strength-at-national-peoples-congress\/","title":{"rendered":"Trump&#8217;s trade war looms over China&#8217;s sluggish economy despite show of strength at National People&#8217;s Congress"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p><em>Beijing<\/em> \u2014 China has responded to President Trump&#8217;s trade war with defiance, something Mr. Trump is not accustomed to. Now facing 20% tariffs on all exports to the U.S., Beijing has refused to back down \u2014 despite its own economic problems \u2014 and is <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-canada-china-mexico-reaction-retaliation-trade-war\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">hitting the U.S. with its own retaliatory tariffs<\/a><\/span>. The air of strength from Beijing was projected clearly on Wednesday at the opening of the National People&#8217;s Congress.<\/p>\n<p>Thousands of delegates from around the country descended on the Chinese capital&#8217;s central Tiananmen Square. Dressed in their finery, including some in traditional garments, they came to Beijing for the most important event in China&#8217;s political calendar. But for the members of China&#8217;s rubber-stamp legislature, certain topics were clearly off limits when speaking with CBS News.<\/p>\n<p>None of the legislators would respond when asked about any concerns they might have regarding the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-china-tariffs-what-to-know\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">trade war between the world&#8217;s two largest economies<\/a><\/span>, or whether Presidents Trump and Xi Jinping might be able to get over their differences.<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\"><span class=\"img embed__content\"><img fetchpriority=\"high\" alt=\"China's Leadership Holds Annual Two Sessions Political Meetings - NPC \" height=\"414\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2025\/03\/05\/0bf69cd9-0ac8-4e1c-a84d-f087921b178a\/thumbnail\/620x414g8\/6593341eac27a7f09cfcce36cf081070\/xi-china-npc-2203354260.jpg?v=63a2b43e2ef8917aa6bd547ca29dd4fa 1x, https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/03\/05\/0bf69cd9-0ac8-4e1c-a84d-f087921b178a\/thumbnail\/1240x828g8\/b7dc9369d40a6edd6fb0390c0e857814\/xi-china-npc-2203354260.jpg?v=63a2b43e2ef8917aa6bd547ca29dd4fa 2x\"\/><\/span><figcaption class=\"embed__caption-container\"><span class=\"embed__caption\">Chinese President Xi Jinping (bottom, center) and Premier Li Qiang (bottom right) attend the opening session of the National People&#8217;s Congress at the Great Hall of the People, March 5, 2025, in Beijing, China.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Lintao Zhang\/Getty<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>Once inside the cavernous Great Hall of the People, the cameras turned to the main event. While the NPC is focused mainly on China&#8217;s sluggish economy, this year, that discussion and the public proclamations are being overshadowed by geopolitical events \u2014 and the trade war with the U.S. in particular.<\/p>\n<p>President Xi, who&#8217;s government announced its retaliatory tariffs against the U.S. just one day before the NPC opened, was an observer at the massive gathering on Wednesday. His deputy, Premier Li Qiang, delivered the keynote address. <\/p>\n<p>He announced an ambitious<strong>\u00a0<\/strong>GDP growth target of 5% and committed more fiscal resources aimed at stimulating the economy, which is mired in youth unemployment and weak consumer spending, in addition to the lingering fallout from a property crisis.<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-left embed--size-medium \"><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/video\/did-trump-start-a-trade-war-with-mexico-canada-and-china\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Did Trump start a trade war with Mexico, Canada and China?<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">09:20<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>Li acknowledged the geopolitical tension China is facing, including a reference to the escalating trade war that, at least from public view, shows no signs of abating.<\/p>\n<p>But some of the Chinese delegates in attendance tried to remain hopeful, at least when speaking with CBS News.<\/p>\n<p>&#8220;As this sort of rivalry goes on, there will come a point where we can have a good settlement,&#8221; predicted Delegate Lin Shun-chao, from Hong Kong.<\/p>\n<p>While many Chinese people hope Beijing and Washington will eventually reach a trade deal, it&#8217;s worth noting how stock markets in both countries have reacted to the tit-for-tat tariffs thus far: Chinese stocks overall are up about 15% from the beginning of the year, while U.S. markets are down almost 2%. <\/p>\n<p>It&#8217;s another sign \u2014 and perhaps a more telling one than the rhetoric from the podium at the NPC \u2014 of a belief in China that the country&#8217;s economy will be able to manage whatever Mr. Trump throws at it.<\/p>\n<p><em>CBS News&#8217; Leigh Kiniry and Qian Zhao contributed to this report.<\/em><\/p>\n<p>    <!-- data-recirc-source=\"chartbeat\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation component--type-recirculation-collection\">\n<p>                  <a href=\"https:\/\/www.cbsnews.com\/feature\/changing-china\/?intcid=CNI-00-10aaa3a\" class=\"component__view-more component__view-more--sm\" data-invalid-url-rewritten-http=\"\"><br \/>\n            More<br \/>\n            <svg viewbox=\"0 0 32 32\" class=\"icon__caret-right\" aria-hidden=\"true\"><use xlink:href=\"#icon-caret-down\"\/><\/svg><\/a><br \/>\n                    <\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/anna-coren\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Anna Coren<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__image\">\n            <a href=\"https:\/\/www.cbsnews.com\/team\/anna-coren\/\" data-invalid-url-rewritten-http=\"\"><br \/>\n              <span class=\"img \"><img alt=\"headshot-600-anna-coren.jpg \" height=\"80\" width=\"80\" class=\" lazyload\" srcset=\"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2025\/01\/23\/d55b0ded-8f40-4b41-8983-a86d4f111d71\/thumbnail\/80x80\/d6b34118ef3e5d0528d7b9ffe010f86f\/headshot-600-anna-coren.jpg?v=63a2b43e2ef8917aa6bd547ca29dd4fa 1x, https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/01\/23\/d55b0ded-8f40-4b41-8983-a86d4f111d71\/thumbnail\/160x160\/494486a5b2b54ea7a7e77619fe9d1f09\/headshot-600-anna-coren.jpg?v=63a2b43e2ef8917aa6bd547ca29dd4fa 2x\"\/><\/span><br \/>\n            <\/a>\n          <\/div>\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Anna Coren, CBS News foreign correspondent based in Hong Kong, is an Emmy Award-winning international correspondent who covers the Asia-Pacific region.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/china-trump-tariffs-us-trade-war-national-peoples-congress-2025\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beijing \u2014 China has responded to President Trump&#8217;s trade war with defiance, something Mr. Trump is not accustomed to. Now<\/p>\n","protected":false},"author":1,"featured_media":10614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[2602,349,157,730,799,419],"class_list":["post-10613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-asia","tag-china","tag-donald-trump","tag-economy","tag-tariffs","tag-xi-jinping"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump&#039;s trade war looms over China&#039;s sluggish economy despite show of strength at National People&#039;s Congress - World News<\/title>\n<meta name=\"description\" content=\"China&amp;#039;s assembled delegates don&amp;#039;t care to discuss President Trump&amp;#039;s escalating trade war, but the underlying message from Beijing is one of confidence.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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