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Chinese economy can 'endure' trade war, says Beijing economist

Zhou Qiren partly blames negative impact on economic structure

A worker in a factory that manufactures woven plastic materials in Jiangsu province, China. Zhou Qiren says the Chinese economy has not yet transformed into one led by domestic demand.   © Reuters

BEIJING -- Even before China became mired in a trade war with the U.S., there were already lingering concerns over the sustainability of its economic growth. Now, as relations remain tense between the two, a top economist says that the Chinese economy is strong enough to withstand this shock.

"I don't think that the Chinese economy can't endure the pressure of the trade war," said Zhou Qiren, a professor at the National School of Development at Peking University, who is widely regarded as a reformist economist.

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