Xi Jinping Warns of 'No Winners' in Potential US-China Trade War

The Chinese president emphasizes dialogue and cooperation as tensions rise over tariffs, technology, and economic policies.

Chinese President Xi Jinping cautioned that trade, tariff, and technology wars between the US and China would yield no winners, urging for stable and cooperative relations.
Xi's comments follow US president-elect Donald Trump's pledge to impose higher tariffs on Chinese goods and restrict access to advanced technologies like semiconductors.
China recently launched an antitrust investigation into US chipmaker Nvidia, escalating tensions in the competition for AI dominance between the two nations.
Amid slowing domestic demand, China is relying on exports as a key growth driver but faces challenges, with November export growth slowing to 6.7% compared to October's 12.7%.
China's Politburo has announced plans for a 'moderately loose' monetary policy in 2025 to support economic growth and address domestic economic challenges, including weakening consumer demand.