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detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ
omist at the China Center for International Economic Exchanges.
Whether they buy finished products or goods made from r
aw materials and components, the tariffs still exist, Chen said.
The escalation will make goods produced by both countries less co
mpetitive and cause large-scale job losses, said Chen.
Wei Jianguo, former vice-minister of commerce, said economic conflict
s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
merging jobs related to the digital economy have been and are expected to continue gro
wing quickly in China as digital technology is applied in more fields, said a senior executive from LinkedIn.
New media operators, front-end development engineers, algori
thm engineers, user interface designers, and data analysts were the top five profes
sions with the fastest growing number of practitioners in China on the US-based professional networking site fro
m 2013 to 2017, said Lu Jian, president of LinkedIn China in an exclusive interview with China Daily.
“Digital economy, which has become part of the national strategy, is just unfolding in the country. It won’t surprise us if such jobs con
tinue to draw employees of both genders and in both urban and rural areas in the coming years,” Lu said.