Meanwhile, despite subdued economic growth in sub-Saharan Africa, its countries recorded slight improvements in their overall competitiveness.
"National reunification is the aspiration of people on both sides and follows modern trends," said Liu Jieyi, director of the Taiwan Affairs Office of the State Council, at a forum on intelligent equipment manufacturing.
Like China, Japan also attaches importance to the WTO rules and maintains that trade issues should be handled based on those rules, he added.
The war of words between the United States and China has escalated rapidly over the last few days. On Thursday, US President Donald Trump upped the ante in the trade battle with China, suggesting further tariffs on $100 billion of imported goods from China, on top of the $50 billion announced on Tuesday.
In this context, we see two potential routes. The first assumes that similarly to the steel/aluminum tariffs saga, we will witness a gradual de-escalation of tensions once the parties have renegotiated trade terms－so that the final tariffs represent only a small fraction of the initial threats. The second route assumes we are on a slippery slope toward a trade war. Indeed, the recent Cabinet reshuffle in the US indicates a circle of presidential advisers who closely adhere to Trump's world view, raising the risks of an all-out trade war.