Trade war's effect on manufacturing 'limited'
By Ma Si | China Daily | Updated: 2018-07-25 07:50
China's efforts to upgrade its manufacturing sector are totally inclusive and open-ended, and ongoing Sino-US trade frictions have "limited impacts" on its sprawling industrial economy, the country's top industry regulator said on Tuesday.
Huang Libin, spokesman for the Ministry of Industry and Information Technology, said China's strategy to upgrade manufacturing is based on the philosophy of openness and win-win cooperation. It is absolutely in line with international practices, he said.
"We will gear up the steps to build China into an advanced manufacturing power ... and we sincerely welcome foreign companies to take part in such efforts," Huang said.
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