China's Economic Strategies Amidst US Trade Tensions

China's economic strategies are shifting gears to counter the ongoing trade tensions with the US. According to key facts, China's GDP growth target is likely to remain around 5%. Xi Jinping, the Chinese President, has also warned that there are no winners in a trade war with the US. To mitigate the impact of US tariffs, China may issue debt to counter the tariffs. Furthermore, China's economic strategies are focusing on consumption and high-tech manufacturing. The country aims to boost domestic consumption and develop its high-tech manufacturing sector to reduce its dependence on exports. This move is seen as a strategic shift by China to adapt to the changing global trade landscape and minimize the impact of trade tensions with the US.