China’s Resilience Amid U.S. Trade War Highlighted at NPC 2025
Beijing — Facing significant challenges from the ongoing trade war initiated by President Trump, China exhibits a firm stance, continuing to protect its economic interests. As the U.S. imposes a 20% tariff on all Chinese exports, Beijing is responding with its own set of retaliatory tariffs, signaling its determination to withstand pressure despite internal economic issues.
National People’s Congress: A Showcase of Strength
The atmosphere of resolve was palpable at the National People’s Congress (NPC) held in Beijing. Thousands of delegates, proudly adorned in both contemporary and traditional Chinese attire, gathered at Tiananmen Square for this pivotal political event. However, when approached by CBS News, many officials refrained from discussing the trade war or the prospects for improvement in U.S.-China relations, suggesting that these topics remain sensitive.
Key Observations from the Congress
Inside the Great Hall of the People, the opening event garnered significant media coverage, with a focus primarily on China’s economic performance amidst global tensions. President Xi Jinping, who had announced the country’s retaliatory trade measures just a day earlier, was present to observe, while Premier Li Qiang delivered a keynote that emphasized economic recovery.
Economic Goals Amidst Global Tensions
In his address, Premier Li set a modest GDP growth target of 5%, promising increased fiscal support to stimulate a sluggish economy grappling with high youth unemployment and reduced consumer spending. He acknowledged the ongoing geopolitical strains, particularly the escalating trade disputes with the United States.
While official narratives remain cautious, some delegates expressed optimism about the possibility of resolving the tensions between the two economic giants. Delegate Lin Shun-chao from Hong Kong noted, “As this sort of rivalry goes on, there will come a point where we can have a good settlement.” This sentiment reflects a lingering hope among many in China for a favorable resolution.
Market Reactions and Economic Outlook
Despite the ongoing trade challenges, financial markets portray contrasting trajectories: Chinese stocks have risen approximately 15% since the beginning of the year, while U.S. markets have experienced a decline of nearly 2%. These trends may indicate a growing confidence within China regarding its economic resilience against external pressures from the U.S. trade policy.
Conclusion
The NPC’s proceedings highlighted China’s commitment to maintaining a strong front in the face of adversity, underpinning its strategies to engage in a complex global economic landscape. With ongoing tensions likely to continue, the dialogue around resilience and adaptation will remain crucial themes in the discussions surrounding U.S.-China relations.
Report contributed by CBS News’ Leigh Kiniry and Qian Zhao.
