China's factory activity grew at a faster pace in February, driven by stronger supply and demand, including a rebound in export orders, a private-sector survey showed on Monday, partly due to seasonal factors related to the holiday period.

China’s manufacturing activity picked up last month, according to a private survey, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on the Asian nation’s exports.

China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies.

President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to reshape the US economy, tap new revenues and upend ties with the biggest US trading partners.

Lutnick's analysis comes weeks after China filed a lawsuit against the U.S. with the World Trade Organization over its 10% tariff. It issued its own 10% tariff.