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As part of his push to rebalance global trade in America's favor, the president is also negotiating changes to the North American Free Trade Agreement and is pressuring China to lower its barriers to American products. NAFTA negotiations are ongoing, while there are few signs of progress with Beijing.
As part of the country's broader opening-up push, China will phase out the 50 percent equity cap for foreign aircraft and car manufacturers in joint ventures in China, effective on July 28, according to a statement jointly released by the National Development and Reform Commission and the Ministry of Commerce on Thursday.
As it now stands, the RCEP will cover an estimated 30 percent of the global economy. If India were to be included, it would cover 32 percent.
As of Oct 31, 805,000 passenger trips were made through the new high-speed Fuxing trains, which started operation on September 21 between Beijing and Shanghai at a speed of 350 kilometers per hour.
As of Sunday, more than 2,000 cases of coronavirus infection have been reported in China, with more than 50 fatalities.
来源：资阳报