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China has slapped a 25 percent tariff on pork and other agriculture products in response to the US imposing tariffs on Chinese aluminum and steel exports. This caused the US to threaten 25 percent tariffs on billion worth of Chinese imports and China responded with a tariff threat on US products including a 25 percent tariff on soybean exports.

China is also setting a cap of around 2 million on the number of vehicles eligible for subsidies, which will be in a first-come-first-served manner.

China has proposed three "zero "principles for the global fight against corruption－zero tolerance, zero loopholes and zero obstacles in cooperation－and has said they have become the consensus of the international community and have received positive responses from an increasing number of countries.

China is the largest trading partner and the biggest source of foreign funding for Myanmar, and the two countries maintain close high-level contacts. Myanmar's State Counsellor Aung San Suu Kyi had a five-day official visit to China last August.

China is considered one of the most appealing investment destinations for foreign investors despite the ongoing coronavirus outbreak and mounting downside pressure, according to a new report.