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Apart from the trade attack it launched against China, the US has also launched a tariff war against the European Union. Although the European Commission, on behalf of the EU, arrived at a temporary truce with the US in 2018, deep contradictions still remain, along with frequent frictions. However, the EU's dependence on the US for its security means it is difficult for it to fight back.

Any such measures would seek to cut off one of the few remaining avenues for Chinese citizens to buy digital assets.

Any host who is found to be implying, inducing or encouraging users to give large rewards by hyping or spreading vulgar content will be put on a supervision list and reported to radio and television management authorities, it said.

Anyone who has studied Mandarin, no matter how long, knows that Chinese characters play a dominant role in the language. Each Chinese character has its own meaning and history.

Apart from raising the reverse repo rates in March, the central bank has also stepped up financial deleveraging efforts.