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China has the world's biggest currency reserves, approximately trillion, and is the biggest foreign holder of US government debt, with .19 trillion in Treasuries as of October 2017, according to data from the Treasury Department.

China has put forward a target of doubling its GDP and per capita income in the decade leading up to 2020. Chances are good it will meet that target based on the current rate of growth. Economists estimate an annual GDP growth of 6.3 percent is needed in the coming three years to meet the goal. GDP growth is widely expected to come close to 7 percent this year.

China has protested each of the US actions. On Feb 4, China's Ministry of Commerce launched an anti-dumping and anti-subsidy probe into imports of sorghum from the US, a move seen by many as China's indication of its willingness to retaliate.

China has scaled up efforts to stabilize foreign trade and investment amid the rapid global spread of the novel coronavirus, with experts calling for bigger tax cuts to help the country's export-oriented businesses ride out the outbreak.

China is continuously developing its own institutions consistent with its history and governmental system. The nation's long record of rapid growth confirms the success of this reform and institution-building process. The Fourth Plenum has emphasized that creating more formal, consistent and institutionalized rule of law is the key to continuing growth.