China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports.

When the leaders of some of the world's largest companies flocked to Beijing for a business forum last month, their main purpose was a coveted meeting with Chinese leader Xi Jinping.

Chinese officials vowed to provide more support for exporters affected by Donald Trump’s tariffs, showing greater urgency to shore up the crucial sector as signs of distress emerge.