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News Brief

August saw the Chinese government issue measures to expand opening-up, including establishing seven new pilot free trade zones (FTZs) and setting Shenzhen as a demonstration pilot zone for socialism with Chinese characteristics.  

US President Donald Trump announced on August 2 that his country would levy 10 percent tariffs on the remaining US$300 billion worth of imports from China not yet subject to increased duties, only to announce on August 13 a delay on most of the new tariffs until December.

On July 6, UNESCO added the Archaeological Ruins of Liangzhu City to the World Heritage List, the 55th Chinese site to be listed.  

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Banners with slogans saying “North Korea-China Friendship” and “Unbreakable Friendship” were hanging over the streets of Pyongyang to welcome Chinese President Xi Jinping who was visiting the North Korean capital from June 20 to 21.

China’s Tariff Rules Commission under the State Council announced on May 13 that China will further increase tariffs on US$6 million worth of US imports as of June 1.  

China’s State Council has ordered reductions in import taxes on foreign goods either brought into or mailed to the Chinese mainland by individuals from April 9.