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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 would also likely stop or reduce its purchases of dollar-denominated assets, especially US Treasury bills, meaning that China (and Japan) will no longer provide the financing of the US budget and trade deficits.
China will push for legislation on preschool education to regulate teacher behavior and standardize the operation of such institutions, Vice-Minister of Education Tian Xuejun said on Thursday.
China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system.
China would like to continue to strengthen bilateral relations and cooperation in various fields with Kazakhstan and promote alignment between the Belt and Road Initiative with Kazakhstan's "Bright Road" plan, Premier Li Keqiang said on Thursday.
来源：资阳报