In the News: US Tariffs Delay; China's Bad Loans Mount; Shanghai Wants RHQs; and Shenzhen Designated Model City
August 19, 2019 | BY
Vincent ChowThe U.S. trade office announces a delay for some China tariffs until December; China's banking system sees non-performing loans increase and capital adequacy ratio decrease in Q2; Shanghai targets regional headquarters with new measures to attract multinational companies; and Shenzhen to see wide-ranging reforms in bid to become a national model for high-quality development and innovation
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US to remove or delay some planned China tariffs until December
The U.S. government announced it would remove or delay some tariffs on the $300 billion of Chinese imports originally