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China, U.S. should avoid damaging trade war, says official

Staff Writer |
China hopes there won't be a trade war with the United States, but it will take "appropriate steps" to cope with that possibility, a Chinese vice finance minister said.

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Zhu Guangyao, addressing an economic forum at a time of rising tensions with Washington, said both countries should abandon a "zero sum" mentality and seek to improve to improve economic and trade cooperation.

"China will take appropriate steps to cope with a possible trade war with the United States, including through bilateral communications and the World Trade Organization."

"We don't hope to see this happen. It could hurt both countries," Zhu said.

But China will "unwaveringly safeguard" its core interests, which he said involved "territorial integrity, sovereignty and safety of political systems".

Zhu told Saturday's forum China hopes to seal a bilateral investment treaty that's under negotiation with the United States as soon as possible.

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