Trump's global tariffs hurt China with 'all-round blockade'

This will make it impossible for the 5% growth target to be achieved,

said Zhiwu Chen, a finance professor at HKU Business School

You had one cake for one person before, but now five people want to eat it,

said Li

I've done all this work for nothing,

Jin said

It's an all-round blockade against China,

said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said

We'll likely see a doubling down on efforts to encourage domestic demand as a way to offset this expected shock to external demand,

Nick Marro, principal economist for Asia and lead for global trade at the Economist Intelligence Unit

That is true both in Europe and many emerging market economies,

said Louis Kuijs, S&P Global's chief Asia economist

We still need to diversify our export markets, support exports and encourage businesses to focus more on domestic sales,

said a Chinese trade policy adviser who spoke on condition of anonymity

Jeffrey Sachseconomist

The US should recognize that China's rise is not only good for China, but also good for the US and the world as a whole."

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, said

Time and time again, we have seen that any efforts by Western nations to erect trade barriers, impose technological blockades, or employ other means of pressure against China have consistently failed to achieve their desired objectives,

Li said

China's economy has maintained a steady growth trajectory over the past decades, with its massive economic scale serving as a powerful buffer against external pressures,

Chen said

While the Chinese economy faces challenges, the sky is not falling,

said Chen Wenling, former chief economist at the China Center for International Economic Exchanges

For Ford, GM, Toyota, BMW, every car that’s sold in the United States, you’re going to want parts for that,

said Jack Perkowski, founder and managing partner of Beijing-based merchant banking firm JFP Holdings

Very few manufacturers can do what we do,

she said in an interview Monday at an auto parts show in Beijing that drew 1,200 Chinese suppliers

We don’t have much room to compromise anymore, to be honest,

he said

It’s partially because of the tariffs, but also what we need to do to survive as a factory,

he said

If they want to keep doing the business (with us), they’ll have to absorb it and maybe increase their own price to consumers,

she said

We have to seek out new markets to get away from the US,

Mr Pan explains