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As recently as late May, the Trump administration had put a hold on punitive tariffs on up to 0 billion in Chinese products. In response, China called off tariffs on US products, including pork and other meats.

As we know, China has lifted hundreds of millions of people out of poverty during the past 30 years and that is just unbelievable.

As the Chinese currency -- the yuan -- is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by a trade surplus and foreign investment in the country, adding funds to the money market.

As the world's second largest economy, China is in the middle of a major economic transformation shifting from speed to quality. For example, slower GDP growth is more tolerable while other factors including employment, environment and industrial restructuring are given greater importance.

As the paragon of China's national industry, century-old brand Wuxi No 1 Cotton Mill Textile Group Co Ltd has weathered the ups and downs of the textile market and remains the vanguard of China's cotton and textile industry.