China remains unafraid of the "extreme measures" taken by the United States, the People's Daily newspaper said in a front-page article in its overseas edition on Wednesday.
"To deal with the trade war, what China really should do is to focus on doing its own thing well," said the newspaper, which is published by the ruling Communist Party.
"(China) is not worried that the U.S. trade counter measures will raise domestic commodity prices by too much but will instead use it as an opportunity to replace imports, promote localisation or develop export-oriented advanced manufacturing," it said.
The Global Times tabloid, which is affiliated to the People's Daily, said the trade war was a chance to pursue greater global recognition of its financial markets and that it could open its A-share market more to listings by Western firms.
Confidence among Asian companies has slumped to the weakest in almost three years as businesses fear collateral damage from the worsening trade war and China's slowing economy, the latest Thomson Reuters/INSEAD survey showed.
Chinese firms were the most pessimistic since the poll began in 2009.
