China’s Premier Li Keqiang pledged a series of pro-business policies including equal treatment for foreign investors, in an effort to retain investor confidence in the wake of additional tariffs imposed by the US.
On Monday the White House imposed 10 percent tariffs on an additional $200bn in Chinese imports, escalating its trade war. Nearly half of all Chinese shipments to the US now fall under President Donald Trump’s tariff regime.
China in turn announced retaliatory tariffs on $60bn in imports from the US.
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