China says to 'take necessary measures' if U.S. harms trade

Bloomberg’s Tom Mackenzie discusses President Trump’s warning to China on trade and leadership changes at the PBOC

The Communist party announced on Feb 25 the end of the two-term limit for the president - and the parliament is expected to ratify the move.

"China does not want a trade war with the United States but if the USA takes actions that hurts China's interests then China will not sit idly and take necessary measures", Zhang said.

"A stable and growing relationship will not only serve the fundamental interests of both the peoples and it is also the what the global community wants to see", Zhang, a former Chinese Ambassador to USA, said.

Although Beijing does not want a trade war with the USA, it "will never sit by and watch while its rights and interests are infringed upon", Zhang Yesui, spokesman for the first session of the 13th National People's Congress, said at a news conference in Beijing on Sunday. In 1951, an amendment to the USA constitution was passed to formally restrict presidents to two terms.

President Trump was in a jovial mood when he jokingly, only jokingly, suggested that America should try having a "president for life" like China.

It is conducive to uphold the authority of the Central Committee of the party with Xi Jinping at the core and also unified leadership.

Liu He, director of the General Office of the Central Leading Group for Financial and Economic Affairs, met with senior United States economic officials, including Treasury Secretary Steven Mnuchin, for in-depth trade talks before wrapping up his USA trip on Saturday.

China will not "sit idly by" if the USA tries to hurt its economic interests, a top official said today, after President Donald Trump sparked trade tensions between the world's two largest economies by announcing plans to impose hefty tariffs on steel and aluminium imports.

"He's now president for life".

Amending the Constitution is a big event in the country's political life and a major legislative activity with wide ranging implications, he said. "And look, he was able to do that".

Trump added: "I think it's great". He then quipped: "Maybe we'll have to give that a shot some day". The White House did not respond to a request for comment late Saturday.

A top Chinese official called Saturday for continued efforts to rally non-mainland ethnic Chinese, including those overseas, around the country's national interests and help realize President Xi Jinping's "Chinese Dream" of national rejuvenation.

"George Washington would roll over in his grave".

Xi began second five-year term as the leader of the CPC and the military in last October after a key congress of the party.

There are no term limits for the post of party general secretary and the chairmanship of both the party and state Central Military Commissions.

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