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US-China trade war
EconomyChina Economy

China says US trade war, tech curbs have spurred ‘independent innovation’

In the first year of new five-year plan, party mouthpiece says list of ‘chokepoint technologies’ is narrowing

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A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips. Photo: Reuters
Sylvia MaandAlice Li
China’s economy has successfully weathered mounting shocks, including US tariffs and technology curbs, and continues to innovate despite a challenging environment, according to the mouthpiece of the ruling Communist Party.

“Practice has fully demonstrated that China’s economic fundamentals are solid and its resilience strong, and that it is fully capable of withstanding rough waters and even stormy waves,” the People’s Daily said in an editorial on Thursday, published at the start of the first year of the new five-year plan.

Citing the United States for “escalating multiple rounds of tariff pressure” and technological suppression, the editorial argued that China had withstood the impact of the trade war and had “responded with composure and pressed ahead”.

“The more the US seeks to suppress and contain us, the more it stimulates our capacity for independent innovation.”

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