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Chinese Premier visits Europe amid trade war with US

Chinese Premier Li Keqiang Photo: Yahoo

Chinese Premier Li Keqiang has paid a special visit to Europe to bolster ties as clash with the US ramps up over trade disputes.

Speaking at the seventh "16+1" summit in Sofia on July 7, Li said, "Despite turbulent international environment, Chinese economy has still maintained stable growth in the long term."

"China's GDP growth in the first quarter of 2018 hit 6.7 percent and its economy is being put on the track of high-quality development," Li said.

"We will firm up our commitment to implementing the deepening of reforms, cracking down on intellectual property theft and creating a fairer investment environment."

"We will also continue to overhaul and open up Chinese economy and provide more opportunities to the rest of the world," Li added.

The Sofia summit comes the day after a tariff spat between China and the US escalated into a full-blown trade war.

The Trump administration slapped a 25 percent tariff on $34 billion worth of Chinese goods from midnight Washington time on July 6.

China immediately retaliated by imposing a similar 25 percent tariff on 545 US goods, also worth a total of $34 billion and accused the US of "launching the biggest trade war in economic history."

US President Donald Trump has threatened to further impose tariffs worth hundreds of billions of dollars on Chinese imports to the US.

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