Improved product safety is central to China's pivot to a consumption-led economy. New regulations, stiffer penalties, encouraging consumer complaints and even public shaming are all part of its strategy.
The recently held G-20 Summit had everyone excited about a truce between the U.S.-China trade disputes. However, it remains to be seen what the 90-day tariff halt will lead to. A few experts in the area share with us their thoughts on whether this new development will be an end to trade-war and if there is more to it than just the war on tariffs.
China lowers import tariffs on MFN taxable items; Hainan province launches a blockchain research center in collaboration with the University College Oxford; and the State Council raises export tax rebate rate to stimulate trade.
