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China's announcement came after the US Trade Representative's office released a finalized list of 16 billion dollars' worth of Chinese goods. The tariff hike will take effect on Aug 23, bringing the total worth of Chinese goods facing a 25 percent tariff to 50 billion dollars.
China's aggressive push to harness the IoT also means the country could play a pivotal role in determining which IoT specifications thrive, said Jiang Wangcheng, president of Huawei's IoT solutions.
China's A-share market is showing signs of a slow recovery, with the Shanghai Composite Index rising 0.56 percent to close at 2610.51 points on Monday and the Shenzhen Component Index gaining 0.59 percent to close at 7626.24 points.
China's PPI has stayed in positive territory since September, when it ended a four-year streak of declines, partly due to the government's successful campaign to cut industrial overcapacity, which benefited the wider economy.
China's Foreign Ministry said the deployment of THAAD went against efforts made by all parties to settle issues through discussion and severely sabotaged China's security and strategic interests.
来源：资阳报