China Commerce Ministry: To levy reciprocal tariffs on some US products

China Commerce Ministry is set to impose reciprocal tariffs on some US products and halt tariffs concession on US fruits and porks, according to Reuters report. 

Key quotes

Wants to avoid further escalation of trade tensions with the US. 

Irrational outbound investment has been effectively curbed in Jan-April

No new investment in property, sports and entertainment overseas in Jan-April