The policy of the US new elect president Donald Trump can provoke trade wars between China and the US, said the Chinese Deputy Finance Minister Zhu Guangyao, reports TASS. China will take appropriate steps to cope with a possible trade war with the United States, including through bilateral communications and the World Trade Organization," he said.

The duration of the trade wars, in his opinion, will not exceed a year. Guangyao added, that he hopes that partnership will strengthen between two countries, which has been developing gradually from 1972, when Richard Nixon visited China.