In the News: US Tariffs Delay; China's Bad Loans Mount; Shanghai Wants RHQs; and Shenzhen Designated Model City

The U.S. trade office announces a delay for some China tariffs until December; China's banking system sees non-performing loans increase and capital adequacy ratio decrease in Q2; Shanghai targets regional headquarters with new measures to attract multinational companies; and Shenzhen to see wide-ranging reforms in bid to become a national model for high-quality development and innovation