Don't Want Trade War With US, But Will Take Necessary Measures: China

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No details were given on when the meeting will be held or who will attend, in the announcement by Zhang Yesui, spokesman for China's top legislature and ambassador to the USA from 2009 to 2012.

The Chinese Ministry of Finance past year said the defense budget would top 1 trillion yuan (US$145 billion) after the exact figure was initially kept out of documents released at the start of the annual legislative sessions. "But we're by no means going to sit idle if Chinese interests are harmed", he told a news conference in Beijing Sunday.

The omission highlights the general lack of official data about China's military, as defense officials in the US and Asia seek more information about Beijing's strategic intentions.

Zhang emphasized that trade disputes should be resolved through dialogue.

Mr Zhang said the correct way to deal with trade frictions is to open up access to each other's markets, expand the economic pie and find mutually acceptable solutions.

As Bloomberg writes in an article "China Political Advisers Urge Response to U.S. Tariffs", during the two-week session, the rubber-stamp parliament is expected to enact sweeping changes that would allow President Xi Jinping to rule indefinitely and give him greater control over the levers of money and power.

"It is conducive to upholding the authority of Central Committee of the Communist Party, with Xi Jinping at its core", Zhang said.

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Trump has shrugged off the threat, boasting on Friday that "trade wars are good, and easy to win".

The move followed a preliminary finding in August by the U.S. Department of Commerce that accused Chinese exporters of receiving government subsidies of up to 80%, and of selling products at unfairly low prices.

Their response came after the President of the United State, Donald Trump, unveiled steel and aluminium tariffs.

China has been in Trump's crosshairs over its trade practices since his presidential campaign, but its steel and aluminium exports to the United States are minimal.

Zhang, who previously served as an ambassador to the US, said policies "made on the basis of mistaken judgments" could hurt relations.

"We will focus our advice and efforts on the main issues in securing a decisive victory in building a moderately prosperous society in all respects and embarking on a journey to fully build a modern socialist China", Yu said.

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