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Reuters reports comments from a Chinese Securities Market official on Tuesday, speaking about China’s measures to counter the US tariffs.

Trump’s tactics of trying to put pressure on China won’t work.

Chinese securities market official says China has ample fiscal and monetary policy tools to cope with impact from trade frictions with the US.

The US trade actions against China could hurt itself.

Still looks forward to good China-US trade relations over the long term.

Hopes both sides could sit down to negotiate on trade.

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