CORRECTED - China says protectionist Trump may limit growth of its exports

Image
Reuters BEIJING
Last Updated : Jan 13 2017 | 7:23 PM IST

(Corrects first paragraph to U.S. President-elect Donald Trump)

BEIJING (Reuters) - U.S. President-elect Donald Trump may limit the growth of China's exports by imposing greater trade protectionist measures, China's customs agency said on Friday.

China is the biggest loser in the anti-globalisation trend, customs spokesman Huang Songping told reporters, adding it will be difficult for China's foreign trade to improve in 2017 due to rising costs and other factors.

The challenges China faces in trade are not short-term but its economy can handle them, he said, adding he hopes that U.S.-China trade cooperation will continue.

China, the world's largest trading nation, could be heavily exposed to protectionist measures this year if Trump follows through on campaign pledges to brand it a currency manipulator and impose heavy tariffs on imports of Chinese goods.

(Reporting by Elias Glenn; Writing by Sue-Lin Wong; Editing by Kim Coghill)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 13 2017 | 7:05 PM IST

Next Story