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But this has done little so far to prop up prices, which have dropped more than 20 percent so far in November, in a seven-week streak of losses. Deep trade disputes between the world's two biggest economies and oil consumers, the United States and China, have weighed upon the market.
By 2010, China had completed all its tariff abatement commitments, cutting the average tariff level from 15.3 percent in 2001 to 9.8 percent, Zhang Ming, head of the Chinese mission to the European Union (EU), was quoted by Brussels-based online newspaper EUobserver as saying.

But, China, the world's largest semiconductor market, still spent more on importing chips than crude oil in recent years. In 2018, its chip imports exceeded 0 billion for the first time, up from 0 billion in 2017, according to data from the Ministry of Industry and Information Technology.
By 2020, discharges of sulfur dioxide and nitric oxide, for example, should drop by at least 15 percent from 2015 levels, under the plan.
But the unintended side-effect is that demand is shifting to smaller cities where prices of both homes and land are surging.
来源:资阳报