Trump zig-zags on trade jarring but could get results, experts say

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China is now working on a new 2018-2020 action plan to tackle pollution, and experts have urged the government to introduce more targeted measures to tackle rising ground-level ozone, which has become a growing urban health threat.

The economy is expected to have tuned out all the background noise and powered ahead in the first quarter.

More than 10,000 naval officers, 76 fighter jets and a flotilla of 48 ships and submarines took part in the drill, which, according to China's state-owned news agency Xinhua, was the largest of its kind since 1949.

Vice Premier Liu He had already vowed at the World Economic Forum in January that China would roll out fresh market opening moves this year, and that it would lower auto import tariffs in an "orderly way". Both countries have the world's fastest growing economies and it is pragmatic to use that as leverage on the global strategic chessboard.

"(But) it is a useful signal, whether it was meant to be as such, to both Taiwan and the United States, to not challenge China's core interests on sovereignty and not to challenge red lines when it comes to Taiwan", she said.

Jonas Short, head of the Beijing office at Everbright Sun Hung Kai, said the market was cheered by Xi's speech because it was framed in more positive terms which could ease trade tensions, but he voiced caution about promised reforms. "And I don't blame China; I blame our representatives that - our people over the past, our Presidents and negotiators and trade representatives - that they allowed this to happen", he said. "But the deceleration should prove marginal".

First quarter sales increased by 2.8% to close to 7.2m vehicles from just over 7m units in the same period of past year - in line with the association's forecast of 3% growth for the whole of 2018.

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The following are a group of facts and figures released by the National Bureau of Statistics on China's solid economic performance in the first quarter.

Fixed-asset investment is seen slowing to 7.7 percent in the first quarter compared to 9.2 percent a year earlier.

"We hope both China and the United States can solve the disputes with wisdom and respect, in a constructive way", Spokesman Huang said. "Consumer confidence has been bouncing off multiyear highs, while purchasing managers indexes have been consistently in expansion territory".

Looming large over everything is the risk that trade tensions with the U.S. morph into a protracted, widening conflict.

China announced a $3 billion list of US goods for possible retaliation in a tariff dispute with President Donald Trump and girded Friday for a bigger battle over technology policy as financial markets sank on fears of global disruption. "Also, his enlightenment on intellectual property and technology transfers". "We hope trade relations can return to the track of healthy and stable development".

Only $3 billion in goods have been slapped with tariffs in the escalating spat - the U.S. targeted steel and aluminium while China took aim at pork and wine among a slew of other American products.

Some parts of California, which have high concentrations of jobs in one of those critical California industries, could be affected, the research said, adding that the agriculture industry is only one of them.

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