rnati上海后花园onal Economic Exchanges, warned that although China would not be happy to see the so-called trade war expand into the fields of finance, tech
nology or geopolitics, the country must be prepared for all kinds of confrontations.
“The US has repeatedly violated the multilateral mechanism based on World Trade Organizat
ion rules. Due to the influence of hard-line hawks, it is likely to continue the trade war,” he said.
China has less motivation to further stimulate economic growth, but the government needs t
o search for more methods to control debt and reduce default risks, according to officials and economists.
China’s macroeconomic leverage ratio, or the total debt-to-GDP proportion, rose slightly in the first quarter, but the over
all leverage level still remained stable, Huang Xiaolong, deputy head of the Financial Stability Bureau of the Peo
ple’s Bank of China, the central bank, said at a media conference on Wednesday.