China's commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war."

The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.

China vowed to fight a trade war with the United States "to the end" on Thursday, as tariffs from Washington buffeted the global economy and threatened to hit Beijing's lagging growth. Beijing announced its own measures on Tuesday in retaliation to Washington's latest tariff hike and vowed it would fight a trade war to the "bitter end".