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SCMP writes "a professor at the Chinese.......>

CHINA
CHINA: SCMP writes "a professor at the Chinese Academy of Sciences, who is also
a senior adviser to the Chinese leadership, said some of the US demands,
especially those on cancelling subsidies to industries and state-owned
enterprises, undermined China's development model. "It means that China has to
give up its development pattern ... and this would be suicidal," he said.
"Considering the pros and cons, China would rather accept the US raising the
tariffs to 25 per cent. "China will not give up its bottom line just for the
sake of reaching a deal. China can bear the consequences of and is prepared for
failure."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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