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China will establish authoritative, unified and accessible credit records of all market players, based on their social credit codes, to boost government oversight, the State Council decided at an executive meeting last week. According to a statement released after the meeting, the government will step up oversight of the social credit of businesses to ensure fair competition and reduce the cost of market transactions.

China levied new tariffs this month on US-made goods after Trump announced  billion in new tariffs on Chinese imports. 

China will open its doors wider to foreign investors and further liberalize and facilitate trade and investment, said Premier Li Keqiang, when delivering a government work report at the ongoing first session of the 13th National People's Congress (NPC).

China's PPI has remained 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 will expand the importation of high-quality goods from the EU, and the EU should ease its high-tech export controls on China, the paper said.