Chinese firms seeking new markets

GUANGZHOU - Being certain that his products are subject to tariffs newly levied by the United States, Wu Tianwen reaffirmed his determination to explore opportunities in Asian and European markets.

"Uncertain trade prospects may lead to a decrease in orders from the US, but we believe we can cope with the challenges," said Wu, president of Dongguan Excel Industrial Co, Ltd, a manufacturer of air purifiers.

On July 6, the US imposed additional tariffs of 25 percent on Chinese goods worth $34 billion. In response, China levied retaliatory tariffs on select US imports.