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China's exclusions on some US chemical products, such as white oil, will apply for a year starting Dec 26, the commission said in a statement. Duties that have already been imposed will not be refunded.

China's economy is the world's second-largest behind only the US, and perhaps more importantly, its national stock market is also No 2 when measured by market capitalization, leaving plenty of reason for investors to look into the A-share market.

China's cross-border e-commerce sector has been growing exponentially over the past few years as the country's middle- and high-income shoppers are demanding increasingly diversified and personalized products and services.

China's concerns are real, and if the United States continues to dismiss them, paying heed only to its own interests, subsequent talks face tremendous uncertainties. On many of these issues, the differences between the two sides are huge.

China's cotton output peaked in 2012 at 6.84 million tonnes, more than 2.2 times that of 1978, and started to drop until a rebound in 2017.