Comments from both the Ministry of Commerce and the State planner (NDRC)
China vice commerce minister
- Says US stands to gain more from Sino-US trade
- China willing to promote Sino-US trade in a fairer fashion, hopes US takes more positive steps as well
- China is forced to retaliate against US, US exporters including LNG exporters will certainly be hurt
- China able to offset trade risks through expanding domestic demand
- China's retaliation against US will provide opportunities to other lng exporting countries
NDRC comments:
- China's economy more focused on quality, more resilient to trade shocks
- China has huge potential to expand domestic demand due to consumption upgrade, still considerable regional gaps
- China will give more support to Chinese firms to expand into international markets including EU, Japan, Africa
via Reuters
Expanding domestic demand is a key goal of China regardless.