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China Says It’s Prepared for Greater Shocks as US Tariffs Loom
Chinese Premier Li Qiang stated China is prepared for unexpected economic shocks as the US considers new tariffs. He urged countries to open markets amid economic fragmentation and met with visiting US Senator Steve Daines and US business executives. China hopes for cooperation with the US, while experts believe a meeting between Presidents Trump and Xi is crucial to avoid escalating trade tensions. Li also reiterated China's commitment to supporting its economy through measures like interest rate cuts.
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