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China says prepared for US tariffs shocks
Mint Mumbai
|March 24, 2025
Plans are being made for corporate titans to meet Chinese President Xi Jinping on 28 March
Chinese Premier Li Qiang said the country is prepared for "shocks that exceed expectations" as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month.
Countries should open up markets in the face of growing economic fragmentation, Li told a gathering of global business leaders and visiting Republican Senator Steve Daines at the start of the China Development Forum in Beijing on Sunday.
Pfizer's Albert Bourla and Saudi Aramco's Amin Nasser are attending the two-day conference. Bloomberg News earlier reported that plans were being made for corporate titans to meet Chinese President Xi Jinping on 28 March.
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