In the News: Trade War Breakthrough; FIL Implementing Rules Approved; and Cultural Industry Boost

China, U.S. agree terms of limited phase one trade deal; draft implementing regulations for foreign investment law approved; and draft law published on promoting China's cultural industry

6 minute readDecember 16, 2019 at 04:20 AM

Vincent Chow

In the News: Trade War Breakthrough; FIL Implementing Rules Approved; and Cultural Industry Boost

China, U.S. Reach Limited Trade Deal

China and the U.S. have agreed the terms to a limited phase one deal in the ongoing trade war. Both countries have confirmed the deal, which marks a significant breakthrough in what has been over a year of tit-for-tat tariffs placed on each other's goods.

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