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China denounced the United States' latest threat to impose tariffs on an extra 0 billion worth of Chinese imports as "totally unacceptable" trade hegemony and bullying, and vowed on Wednesday to fight back to protect its "core interests".

China has closed many old plants and merged hundreds of producers in pursuit of efficiency, and cutting overcapacity.

China began importing solid waste as a source of raw materials in the 1980s, and was for years been the world's largest importer. The government decided last year to phase out and completely halt such imports by the end of 2019, except for certain categories.

China has already launched a 100 billion yuan (.89 billion) fund to support integration in the region, with the aim of developing technologies throughout the region.

China has also been innovative in urban transformation. This is aimed at optimising urban functions and promoting industrial upgrading. Take for example the relocation of non-capital functions out of Beijing. This will stimulate coordination between the Capital and nearby Tianjin Municipality and Hebei Province in the development of the triangular region called the Xiong'an New Area. It is the latest example of coordinated, balanced and sustainable regional development driven by innovation and aiming at high-quality growth.