China is not afraid of "extreme measures" the US is taking in their trade war and will use it as an opportunity to replace imports and promote localization, state media said.
Manufacturers have felt the squeeze as China shifts its priorities from lower-end manufacturing to high technology industries as part of a broader bid to upgrade its economy.
As the flames of a trade war between China and the US grow, one top Chinese leader has been conspicuous for not taking a public role in the dispute - Vice President Wang Qishan.
China's yuan slipped to a new low and was on course for its worst month on record, as a bitter Sino-US trade row threatened to rattle the world's second-biggest economy.
The US Treasury Dept is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying US companies with "industrially significant technology.”
China's commerce ministry accused the US of being temperamental over bilateral trade issues, and warned that the interests of US workers and farmers ultimately will be hurt.
Mahathir told an international seminar in Tokyo that different economies needed different rules in order to compete fairly with giants such as the US and China.
Free trade agreement talks hit major hurdles, mainly because Beijing will not agree to Colombo's demand for a review of the deal after 10 years, Sri Lanka's top negotiator said.
A US trade delegation arrived in Beijing for key talks over tariffs, with Chinese state media saying China will stand up to US bullying if needed.
China's Ambassador to the United States Cui Tiankai said US and China should avoid a trade war and that Beijing would prefer to negotiate.
Booths from Myanmar, Thailand, HK, Germany and India expected at show from March 30-April 2.
Commerce Ministry gives the go-ahead for the legal export and import of jewelry, but local gems merchants are still unclear about the tax rate.
The ambitious long-term goal of securing a free trade deal with the world’s second-largest economy comes as May begins a three-day visit to China.
China has leveraged the initiative to deepen economic and financial cooperation with developing nations.
The move is the clearest indication yet that his administration will take retaliatory trade action against China.