PBOC’s Fan: Current trade spat with the US is an obstacle to China's rise

Following comments are delivered by the PBOC adviser Fan Gang while speaking at the Boao Forum in China on Monday.

US says it is dealing with trade deficits, but it is actually looking to contain China's development.

Especially China's high tech strategy - referencing the "Made in China 2025" plan.

Current spat with the US is an obstacle to China's rise.

China needs to solve the trade war in the short-term with a long-term view of its own development.