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As the largest part of the newly launched Shandong FTZ, the Qingdao area covers 52 square kilometers and focuses on five fields, including international trade, marine sectors, shipping logistics, modern finance and advanced manufacturing sectors.
As the two largest economies in the world, China and the United States will never benefit from a trade war that may devastate global economic stability.
As the first futures contracts listed on the Chinese mainland to overseas investors, the trading volume gradually increased during the first week with a total of 278,234 transactions, worth 115.92 billion yuan, changing hands by the end of the week.
As trade tensions escalate, experts worry that consumers, especially those with low incomes, could suffer the most from rising prices.
As the end of the first quarter this year, Chinese banks' total assets reached 276 trillion yuan (.1 trillion), up by 7.7 percent year-on-year. The non-performing loan ratio of commercial banks stood at 1.8 percent as of the end of the first quarter, slightly higher than the ratio of 1.74 percent in 2017. The banking sector also reported net profit of 571.5 billion yuan in the first quarter, up 6.09 percent year-on-year, according to the China Banking Association.
