Robust industrial chain to offset risks from trade disputes

The country's advanced industrial chain will ensure that Sino-US trade friction risks remain limited and manageable for centrally-administrated State-owned enterprises, a senior official said on Friday.

Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council, said though the United States has been escalating trade disputes with China, which in turn has led to negative influences for the global economy, its impact on central SOEs is limited and controllable.

The official made the remarks after the US government raised tariffs on Chinese goods from May 10 and restricted Huawei's business operations, harming the interests of companies and financial markets from both sides.