China MOFCOM Official: China is not afraid of a trade war

Reuters reports comments from a Chinese Commerce Ministry (MOFCOM) Official, as he says that China is not afraid of a trade war, in fact it is well prepared.

Additional Headlines:

China will defend its own rights.

301 investigation by US is ignorance of WTO rules.

The investigation is biased and in defiance of bilateral trade.

Still studying and evaluating the 301 report.

"We are in touch with the US" and that "communication is smooth".