China’s National Development and Reform Commission (NDRC) held a high-level meeting with major private companies on April 8 in Beijing to address mounting concerns over rising U.S. tariffs, the state planner announced Tuesday.
Key industry players, including solar panel manufacturer Trina Solar, ride-hailing giant Didi, and electronics firm Goertek, were invited to share their perspectives and proposals for navigating the growing economic pressure from Washington.
The meeting was chaired by NDRC Chairman Zheng Shanjie, who emphasized the need for unified action in response to the United States’ threat to significantly increase tariffs on Chinese imports. The potential hike could push duties above 100%, following President Donald Trump’s recent escalation of trade measures.
Zheng called on China’s private sector to align closely with national strategies in confronting these external economic threats. “In the face of external risks and challenges such as the imposition of tariffs by the United States, we must unify our thoughts and actions with the decision-making,” he said.
The gathering came shortly after Beijing pledged not to succumb to what it described as U.S. “blackmail,” following Trump’s warning of further tariff hikes. China had previously matched Washington’s initial tariff moves with reciprocal duties, escalating the trade dispute between the world’s two largest economies.
According to the NDRC, the companies offered feedback on ways to stabilize domestic employment and enhance resilience amid global uncertainties. The state planner expressed confidence in the private sector’s ability to endure the challenges ahead.
“The domestic development environment is stable and companies are confident to overcome difficulties,” the NDRC said in its statement, adding that it would actively assist private enterprises in resolving difficulties and promoting the high-quality development of China’s private economy.
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