Like China, Japan also attaches importance to the WTO rules and maintains that trade issues should be handled based on those rules, he added.
If China responds to these $150 billion of threatened US tariffs in kind, the cumulative loss of GDP in 2018-19 could reach 0.3 percent in each economy with the US potentially loosing more than 300,000 jobs. Importantly though, these threatened tariffs will be subject to negotiation, and therefore shouldn't be considered as final.
The statement stressed the importance of following the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and Xi thought on strengthening the military in order to carry out the military-civilian integration strategy.
People across the Straits are like family members, and the mainland would like to share development opportunities with Taiwan people, Xi said.
Xi welcomed Siew and other Taiwan businesspeople to visit Boao and make joint efforts to draw the blueprint for cooperation and development in Asia.