(Yicai Global) June 14 -- Falling exports to the US could be replaced by those to other countries, said, Zhou Xiaochuan, former governor of the People's Bank of China and current president of the China Finance Association, at the Lujiazui Form today in Shanghai. 

Within two or three years, China can find and establish new export markets by expanding sales channels as much as possible, he said. 

Zhou said that there is no winner in the trade war, which will cause the gross domestic products of both countries to shrink to different degrees.

Editor: William Clegg