Govt must follow up tax cuts with administrative reform
In recent downturns, the US has been more willing than normal to cooperate with China in order to try to spur recovery
The tariffs of 10 per cent and 5 per cent take effect on two batches of goods on September 1 and December 15, the official Xinhua News Agency said
United States also this week declared China a currency manipulator after it allowed the yuan to slip below 7 to the dollar
International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows
The dismal figures were the latest signs that trade tensions between Washington and Beijing are having a major impact on export-reliant economies across the world.
However, in a sign that the White House's measures are having an impact, China's exports to the US sank last month
Chinese officials have begun preparing to restart imports of U.S. soybeans and liquefied natural gas
US tariffs on $200 billion worth of Chinese goods and retaliatory taxes by Beijing on $60 billion worth of US products including liquefied natural gas (LNG) kicked in on Monday
The region is capitalising on a rush of new orders and production moves
China has criticised the US for resorting to protectionist and unilateral measures and says it will keep opening up its economy, providing a fair and transparent environment for foreign businesses
It is the US which is likely to be hurt the most. By virtue of the sheer size of the market, Asia today is far more important to the EU than the US
China's appetite for US coal grew this year as traders looked for alternative supplies after Australian coal prices hit six-year highs in July
Late on Friday, China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States
How China responds to the latest Trump threat is complicated by the fact it imported $130 billion of US goods last year
The optical fibre affected is widely used for high-speed and long-distance transmission in the telecommunications industry
China accused the United States of 'opening fire' on the world with tariffs
China remains heavily reliant on technologies from the West
The slowdown comes as a brewing trade dispute with the United States intensifies, raising the threat of further tariffs that could make imports of US corn or ethanol to meet any shortfall in domestic
China's Commerce Ministry spokesman Gao Feng warned that proposed US tariffs would hit international supply chains