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
The U.S. president announces new tariffs covering virtually all Chinese imports a day after trade talks; Huawei reports year-on-year revenue growth but U.S. sanctions taking its toll; and financial holding companies to face capital requirements and a ban on non-financial activities according to draft rules.
Once again, high-level trade officials from the U.S. and China are back together; China plans to regulate e-cigarettes and vaping over fears of an addiction epidemic; and 11 measures have been introduced to open up financial market access and to scrap foreign shareholding restrictions.
Improved product safety is central to China’s pivot to a consumption-led economy. New regulations, stiffer penalties, encouraging consumer complaints and even public shaming are all part of its strategy.