China NDRC: Trade friction’s impact on Chinese economy is under control

Additional headlines are hitting the wires from the Chinese state planner, the National Development and Reform Commission (NDRC), as it now talks about the US-China trade spat.

“Trade friction’s impact on the Chinese economy is under control.”

“China to study tariff impact, prop up growth when necessary.”

“China-US trade friction has a certain impact on China’s economy, but at a controllable level.”

“Need to roll out countermeasures in time to maintain China’s economic operation within a reasonable range.”

“To step up counter-cyclical adjustment.”

“To take measures to encourage consumption.”

“NDRC and other Govt departments to keep liquidity sufficient.“

“NDRC to implement measures to protect intellectual property rights (IPR).”

“Chinese economy full capable of growing in storms.”

“To step up monitoring and help companies stabilize employment.”

“To cut capital ratio requirement on infrastructure projects.”

“China’s pork price could continue rising in near future.”