China's government officials are downplaying the impact of the US trade war, asserting their ability to safeguard jobs and mitigate damage from increased tariffs. They've announced supportive policies including easier lending, aid for businesses and the unemployed, and measures to boost domestic demand. While acknowledging the potential for economic slowdown, officials maintain confidence in achieving the 5% growth target, citing a sufficient 'employment policy toolbox' and plans to reduce reliance on US energy and agricultural imports. The status of US-China negotiations remains unclear, with conflicting statements from both sides.

Prepared by Christopher Adams and reviewed by editorial team.