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Beijing tells cadres to 'prepare for the worst' amid uncertainties of its high-stakes trade war with the US

2019-01-25 10:48:19       source:South China Morning Post

January 25, 2019


The Communist Party wrapped up a four-day study session on risk controls on Thursday, an event analysts said underlined the leadership’s deep concern about growing external volatility and uncertainty amid its high-stakes trade war with the United States.


At the session’s closing ceremony, which was attended by hundreds of top officials from across the country, Wang Huning, the party’s ideology guru and its fifth most powerful member, called on the cadres to fight “a tough battle” in controlling risks, according to state news agency Xinhua.


Chinese President Xi Jinping and Wang both told cadres that they must develop “bottom-line thinking” or be prepared for the “worst-case situation”.


Read more:

https://www.scmp.com/news/china/politics/article/2183541/communist-party-ideology-chief-wang-huning-raises-risk-alarm