China announces measures to tackle trade war

The Trump Administration has its eyes on Chinese clothing, threatening to put clothing items in the new

The Trump Administration has its eyes on Chinese clothing, threatening to put clothing items in the new list of Chinese products that will be subjected to the new tax rate of 10%

  |  Wang Peng/Xinhua

The country will favor small companies and private investments in the oil and transportation sectors.

China will adopt a series of measures aimed at stimulating the economy as a way to cope with the commercial war declared by US President Donald Trump. This means setting aside its fight against debt and financial risks.

Last week, the Chinese government acknowledged that the prohibitive fares imposed by the US president will have an impact on the growth of the Asian country, which slowed in the last quarter, the GDP in that period having grown 6.7%.

Read more in Folha de S. Paulo

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