A trade war between China and the United States would harm both countries, the overseas edition of the state run People’s Daily said on Wednesday, reflecting concerns over the protectionist, and anti-China stance taken by new U. S. President Donald Trump.
\u00ab\u00a0If a trade war developed between the two countries, both China and the U. S. would be negatively impacted,\u00a0\u00bb the newspaper said in a commentary.
\u00ab\u00a0In the end neither side would win, it would bring harm to other countries and that harm would be brought to others without benefits to the U. S. or China. \u00a0\u00bb
As both China and the U. S. are major players in global supply chains and value chains, numerous countries would be gravely impacted from a trade war, the article added.
\u00ab\u00a0At present, China and the U. S. are bound together by trade, investment, finance and other spheres,\u00a0\u00bb the article quoted Zhang Jianping, head of the Research Center for Regional Cooperation under China’s Ministry of Commerce, as saying.
\u00ab\u00a0As the two largest economies in the world, maintaining positive trade relations is beneficial both to China and the U. S. and also the global economy. \u00a0\u00bb
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