China doesn't want a trade war with the US, according to a statement made by Premier Li Keqiang at a press conference on Wednesday. The premier also said that China's growth target this year isn't low and won't be easy to achieve.
“The growth rate is not a low rate, and is not easy to achieve. If China meets its growth target this year, then the added portion would be larger than that of last year. We think this is consistent with China's development and the law of economics, and helps us on quality and performance,” Li said.
Li also mentioned that trade between the US and China has benefited many US households, and that was because in 2016 alone, two-way trade and investment created more than one million jobs for the US.
On other topics, Li said that China is considering establishing debt market links between Hong Kong and the mainland. The two markets have had a stock-connect program since 2014. Both links aim to create wider access for foreign capital to invest in the mainland market.
