Chinese economy to grow further despite US-China trade dispute, experts say

AMMAN, July 22 (Xinhua): Jordanian experts said on Sunday that the Chinese economy will witness further growth despite the US-China trade frictions.

"China is a strong exporter and has strong ties with Latin America, Africa, Russia, Europe and Asia, and this enabled the Chinese economy to overcome the negative impact of the US measures against the Chinese economy," economist Khaled Zubeidi told Xinhua.

According to the Chinese National Bureau of Statistics, the Chinese economy grew by 6.3 per cent year-on-year in the first half of 2019 (H1) and reached 45.09 trillion yuan (about 6.56 trillion US dollars). The growth is in line with the government's annual target of 6-6.5 per cent.

The Chinese economic policies are drafted in a manner which makes them resilient and Washington's trade tensions with Beijing would eventually hurt the American economy, as they would undermine the US export and US economy's ability to grow, the Jordanian economist said.

Noting that the Chinese economy is growing in various sectors, including technology and the digital economy, Zubeidi said that the US "tariff weapon" will not work effectively.

Khalil Haj Tawfiq, head of the Amman Chamber of Commerce, said China's economic growth in H1 showed that the country is able to absorb the impact of the trade tensions.

"China's openness to the world and the reform policies prove that the Chinese market is still flourishing and growing and China is headed to become one of the largest competitors in the fields of economy, commerce and investments," Haj Tawfiq told Xinhua.