Top 10 key economic movements in 2018

China-US trade frictions

In March, US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion in imports from China and restrict Chinese investment in the United States. China was forced to fight back with reciprocal tariffs.

The two sides had several rounds of talks and negotiations.

China and the United States have made plans for face-to-face trade talks in January in addition to maintaining intensive telephone consultations, the Ministry of Commerce said on Dec 27.

President Xi and US President Donald Trump held a telephone conversation on Dec 29, expressing their willingness to push for implementation of their agreements reached during the G20 summit in Argentina.

Xi said both he and Trump hope to push for a stable progress of the China-US relations, adding that the bilateral ties are now in a vital stage.