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The People’s Bank of China (PBOC) adviser is out on the wires assuring markets that a trade war with the US will not have a big negative impact on the Chinese economy.  

Key comments (source: Xinhua)

US tariffs on $50 billion worth of Chinese goods to slow China’s economy by 0.2 percent.  

Cina will consider measures to offset the impact of the  trade war on the hardest hit sectors.