Jul 06, 2018 03:43 AM

Top Financial Regulator Says Trade War Can’t Last Long

Guo Shuqing. Photo: Niu Guang/Caixin
Guo Shuqing. Photo: Niu Guang/Caixin

China’s top banking and insurance regulator said the looming trade war with the U.S. could not be sustained and argued that China has better economic endurance for the consequences of a full-blown conflict.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), made the comments as the two countries prepared to hit each other with tariffs Friday after months of threats and several rounds of failed negotiations.

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