China looks to offset tariffs' impact with increased consumption

How much will China suffer from a trade war? A country that based its economic transformation on making goods for the world would seem vulnerable to punitive tariffs because exports will become more expensive. But Chinese officials insist they're not worried. And that confidence has a lot to do with hot rods and iPhones.
Subscribe to us on YouTube: https://goo.gl/lP12gA

Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8

Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv

Follow us on:

Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/
Instagram: https://www.instagram.com/cgtn/?hl=zh-cn
Twitter: https://twitter.com/CGTNOfficial
Pinterest: https://www.pinterest.com/CGTNOfficial/
Tumblr: http://cctvnews.tumblr.com/
Weibo: http://weibo.com/cctvnewsbeijing


(Source: CGTN, https://www.youtube.com/watch?v=nB4kEzW0wbs)