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- Chinese President has said that China should be prepared for difficult times as the international situation is getting complex due to bitter trade war between China and the US.
- The two countries are engaged in a retaliatory tariff measures on each other’s imports after the talks had collapsed to resolve their trade disputes.
- The trade tensions has further intensified since US had blacklisted Chinese telecom equipment company Huawei Technologies.This decision was taken after US authorities had said that there was a risk in using Huawei products as it could be used by China for illegal surveillance.
- The trade talks between the U.S. and China had stalled after Chinese officials had sought major changes in the proposed trade deal that the US administration says had been largely agreed.
- Further,the US business community has asked for more reciprocal policies as China for years has blocked major U.S. tech firms including Google and Facebook from fully operating in its market.
- Chinese President has also said that China must overcome various major risks and challenges from home and abroad on the Long March day.
- The Long March refers to a series of military retreats by the Red Army during its conflict with the Kuomintang Army starting in 1934.It eventually led to the communist takeover of China under the rule of Mao Zedong, who became chairman of the Communist Party of China in 1949.
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