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Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

And staff secretary Rob Porter stepped down on Wednesday after abuse allegations from two ex-wives became public that he too denied.

Analysts said the pricing adjustment of imported vehicles will pose challenges for Chinese auto brands as they are expected to further lower prices to cope with the competition.

Anguilla

And all countries, he said, need to guard against the risks of drastic adjustments of asset prices. Could China's corporate sector, which has a relatively higher leverage level, spark the next financial crisis after the GFC a decade ago?