At present, the trade friction between China and the US has inevitably started. The trade friction between the US and China, which are the world's largest economy and second economy respectively, will ultimately cause losses on both sides in every aspect. However, the current short-term impact of the friction can hardly be alleviated. China should be psychologically prepared for a protracted war, make medium- and long-term plans for improving China’s economic efficiency, and formulate reasonable countermeasures. Professor Liu Zhibiao, Dean of Yangtze IDEI, held in-depth discussions with relevant experts and scholars on the topic “How to Alleviate the Impact of the Sino-US trade friction? How to Prevent Any Possible Economic Downturn in the Second Half of the Year?” They analyzed the impact of the current Sino-US trade friction on China’s economy and proposed constructive suggestions on how to alleviate the trade friction and possible downturn of China’s economy.
