三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China's domestic consumption can offset tariff risks, economists say

By Wang Keju | chinadaily.com.cn | Updated: 2025-04-03 11:28
Share
Share - WeChat
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY]

Despite the aggressive "reciprocal tariff" policy announced by the White House, senior economists believe that China's strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes.

"While the Chinese economy faces challenges, the sky is not falling," said Chen Wenling, former chief economist at the China Center for International Economic Exchanges. "China's economy is still robust and capable of weathering storms."

President Donald Trump announced Wednesday a 10 percent baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

"China's economy has maintained a steady growth trajectory over the past decades, with its massive economic scale serving as a powerful buffer against external pressures," Chen said.

This year, China is doubling down on boosting domestic demand - both consumer spending and effective investment – to prop up its growth, with policymakers setting the country's deficit-to-GDP ratio at the highest level on record.

By placing domestic demand at the forefront, China can create a more stable and self-sustaining economic growth model that is less vulnerable to the volatility of global trade flows, Chen said.

China's annual economic growth rate in 2025 will "for sure be faster than that of last year", said Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking. "Policymakers still have a diverse range of policy tools at their disposal."

"Time and time again, we have seen that any efforts by Western nations to erect trade barriers, impose technological blockades, or employ other means of pressure against China have consistently failed to achieve their desired objectives," Li said.

Li noted Huawei's proprietary operating system HarmonyOS and AI startup DeepSeek serve as examples of this dynamic. Far from hindering China's progress, the external pressures have instead catalyzed a surge in self-reliance and indigenous innovation.

China has the "sufficient patience and determination" to confront the shocks of the Trump administration, as US polices are hastily implemented, often without a well-thought-out strategy or a clear understanding of their broader implications, Li said.

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, said, "The US should recognize that China's rise is not only good for China, but also good for the US and the world as a whole."

Washington should not aspire to a world in which it alone is prosperous, while everyone else remains poor. Instead, it should strive for a world in which prosperity is widely shared, and all nations can reap the benefits of peace and openness, Sachs added.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本特黄特色大片免费播放视频 | 成人午夜亚洲影视在线观看 | 国产h视频在线观看 | 日本成a人片在线观看网址 日本成人一区二区 | 国产高清视频 | 中文精品久久久久国产网址 | 麻豆黄色| 日韩毛片久久91 | 69男女囗交动态图视频 | 6080yy 久久 亚洲 日本不卡 | 免费看一级特黄a大片 | 日韩激情视频网站 | 国产福利视频奶水在线 | 亚洲国产精品成人综合久久久 | 一级黄色在线观看 | 一级做a爱过程免费视频超级 | 亚洲精品欧美精品日韩精品 | 亚洲一级毛片中文字幕 | 久草在线资源福利站 | 久久视频精品36线视频在线观看 | 69黄色片| 亚洲精品在线免费观看视频 | 性欧美孕妇孕交tv | 国产闫盼盼私拍福利精品视频 | 欧美色图自拍 | 国产在线精品一区二区夜色 | 国产美女一区精品福利视频 | 亚洲欧美日韩v中文在线 | 国产一区二区三区四卡 | 新婚无套啪啪对白 | 中国猛少妇色xxxxx | 在线精品国精品国产不卡 | 久久久久亚洲精品一区二区三区 | 国产91无毒不卡在线观看 | 国产三级91 | 爱爱网网站免费观看 | 国产亚洲精品成人婷婷久久小说 | 香港三级欧美国产精品 | 国产下药迷倒白嫩美女网站 | 皇色在线视频 | 欧美69视频在线 |