The Central Committee of China's ruling Communist Party is meeting to set the course for the world's second-largest economy, amid growing concern at home and abroad over the country's economic slowdown.
Chinese Vice Premier Liu He said the tariff plans violate international trade rules. Liu and US Treasury Secretary Steven Mnuchin have held the highest-level exchange between the governments since the order was signed.
China is set to create new ministries and merge the banking and insurance regulators in the biggest revamp of its cabinet in years. It's another move to streamline administration and curb financial risks.
Expansion of the world's second-largest economy has cooled slightly, fresh figures from the national statistics office have shown. But there's no sign of instability as the Communist Party Congress is in full swing.
Economic growth in India is forecast to beat out last year. The emerging economy is thus on track to regain the title of the world's fastest growing major economy, once again overtaking China.
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