Trump’s trade war crosses the Chinese slow economy despite showing strength at the National Congress of Nations

Beijing – China responded to the trade war of President Trump with defiance, which Mr. Trump is not used to. Now faced with 20% tariff on all exports to the US, Beijing refused to give up – despite his own economic problems – and is hitting the US with its own retaliation tariffs. The air from Beijing was projected clearly on Wednesday at the opening of the National Congress of the People.

Thousands of delegates from all over the country have dropped to the central Tiananmen Square in the Chinese capital. Dressed in their little thing, including some in traditional garments, they came to Beijing at the most important event in the Chinese political calendar. But for members of Chinese legislative government with rubber tags, certain topics were obviously out of the borders when talking to CBS News.

None of the legislators would answer the question of any problems that they might have in a relationship A trade war between the two largest economies worldwideOr can the President Trump and Xi Jinping Power overcome their differences.

Once in the cavernous large hall of people, the cameras turned to the main event. Although the NPC is focused mainly on the Chinese slow economy, this year, this discussion and public proclaiming are overshadowed by geopolitical events – and especially the trade war with the US.

President XI, who has announced its retaliation of the US Tariff’s retaliation just a day before the NPC opened, was an observer at a mass gathering on Wednesday. His deputy, Prime Minister Li Qiang, brought the main address.

He announced ambitiously The goal of GDP growth of 5% and has committed more fiscal resources that are focused on the incentive of the economy, which has been stifled into young people and poor consumption, except for a prolonged outburst out of the property crisis.

He admitted that geopolitical tension was facing, including a reference to escalating a trade war that, at least out of public view, shows no signs of giving up.

But some of the Chinese delegates who attended tried to stay hope, at least when they talked to CBS News.

“As this type of rivalry continues, a point where we can have a good settlement will come,” Delegate Lin Shun-Chao, from Hong Kong, predicted.

Although many Chinese hope that Beijing and Washington will eventually achieve a trade agreement, it is worth noting that so far, shares in both countries have responded to Tarife Tit-For-Tat: Chinese shares have increased by about 15% since the beginning of the year, while US markets have reduced by almost 2%.

This is another sign – and maybe more of the story than rhetoric from the podium on the NPC – beliefs in China that the economy of the country will be able to manage everything Mr. Trump throws on it.

CBS News’ Leigh Kiniry and Qian Zhao contributed to this report.