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China has also unveiled a list of products worth 50 billion dollars imported from the United States that would be imposed on an additional tariff of 25 percent, in response to the US tariff plan.

China has a number of domestically developed core technologies in telecommunications, aviation and space, high-speed railways and nuclear energy. Over the years, the quality of the patents filed in these fields has notably improved, Hu Wenhui, spokesman for the State Intellectual Property Office, said in January.

China has decided to make unprecedented cuts to taxes and corporate pension payments and increase investment in such fields as agriculture, infrastructure, technological innovation and social causes, officials said. That will predictably lead to heavy fiscal pressure as a result of reduced fiscal income and increasing expenditures.

China had already expressed in the disarmament talks in Geneva its hope that all parties in the international community would agree to commit to the early conclusion of a treaty to prevent weaponizing space, Lu said.

China has demonstrated once again that even in adversity there can always be an opportunity.