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China's tariff increases will impact approximately billion in US food and agricultural exports to China. The majority of the products targeted are food and agricultural products, totaling 105 out of the 128 items.

China's policy towards the United States is consistent and clear-cut. We are committed to joining hands with the US to work for non-conflict, non-confrontation, mutual respect and win-win cooperation. We urge the US to correct its wrongdoing, stop groundlessly accusing and slandering China and harming China's interests and China-US ties, and take concrete actions to maintain the sound and steady development of China-US relations.

Chinese State Councilor and Foreign Minister Wang Yi holds talks with Nepal Foreign Minister Pradeep Kumar Gyawali in Beijing, capital of China, April 18, 2018. [Photo/Xinhua]

China, the world's biggest producer of rare-earths metals, will enact new measures to better exploit its rare-earth resources, and rectify market order and the management of the market, the country's top economic planner said on Tuesday.

China's top legislature voted through amendments to the Personal Income Tax Law on Friday afternoon, setting the personal income tax threshold at 5,000 yuan (3) per month, or 60,000 yuan per year, elevated from the current 3,500 yuan per month.