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China said on Friday that it will take "immediate" tariff measures of "equal scale and strength" in response to the decision of the US government to impose tariffs on about billion of Chinese goods.
China only meets the first criteria by running over billion of trade surplus with the United States, said Zhu Jianfang, chief economist with the Citic Securities.
China supports the extensive and in-depth development of economic globalization and supports Chinese and foreign enterprises in achieving common development on a level playing field, she said.
China will adopt a more proactive fiscal policy by expanding central government budget deficit and increasing fund transfers to local governments to boost investment and maintain stable economic growth, according to the 2020 Government Work Report.
China is willing to work hand in hand with the United States to achieve the goals of non-confrontation, mutual respect and win-win cooperation, Yang said.
