Xinhua (China state media) citing a pbocc People's Bank of China adviser

  • Trade war impact on China's economy is limited
  • US tariffs planned on $50bn of China's goods to slow China's growth by 0.2%
  • China will consider measures to offset impact of trade war on the hardest hit sectors

Yep. When a bully lands a punch on you, you don't flinch. Seems to be what's happening here?

And … issue is not realty this first round of the war, but escalation and it spreading to Europe and elsewhere.