Trade War Encouraging Chinese Companies to Find Customers in Europe, Two Chinese Companies Say
A Chinese tech company and a manufacturing company said the U.S.-China trade war is not damaging their business and instead said it is encouraging them to find other customers, including in Europe. Zhang Tianren, chairman of the board of directors for Tianneng Power International, and Lan Fenghui, president of Unitek Taxation Company, said during an Aug. 30 Ministry of Commerce press conference that they are not feeling the negative effects of U.S. tariffs. “Although there is a bit of hardship, it does not have much impact,” Zhang said, according to an unofficial translation of the transcript. Company names are via the unofficial translation as well.
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Zhang said there are “advantages and disadvantages” to the trade war, but said his company -- which manufactures batteries and battery-related goods -- and others are “overcoming” the disadvantages. “Our market can turn to Europe and deepen cooperation … with Europe,” Zhang said. “We are still very confident.”
Lan, whose company sells various electronic components and devices, said the trade war has caused some companies to relocate to China. Lan said he met with a “U.S.-funded enterprise” that manufactures “cancer radiotherapy equipment” that is “consciously moving the factory from the United States to China.” But Lan also said Chinese companies would prefer the trade war to end.
“Trade frictions are harmful to each other,” he said. “China and the United States should cooperate more and win together.”