Sentiments are lifted after China announced to exempt range of US imports from the 25% tariffs imposed last year. The exemptions cover 16 categories of products, ranging from fish food to pesticides, and will be effective from Sept. 17 to Sept. 16 2020. Negotiations between the teams are continuing, in preparation for top level meeting to be held in Washington next month.
Additionally, China also announced yesterday to abolish the investment quota restriction for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.
