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The US has proposed billion new tariffs on 1,300 Chinese products. In response, China last Wednesday announced additional tariffs of up to 25 percent on 106 products worth billion imported from the US, such as cars.

The US automaker attributed the increase, the largest since last August, to brisk sales of SUVs, MPVs and luxury vehicles, saying its Buick, Cadillac and Baojun brands all hit new sales records in March in China.

The US aircraft manufacturer said that it has taken on billion in additional costs due to the international grounding of its global 737 MAX fleet following the second deadly crash.

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The US should have a clear understanding of the situation and immediately stops interfering with China's internal affairs. It needs to focus on maintaining the China and US relations and do more to boost trust and cooperation between the two countries. Also, China and US need to enhance counter-terrorism cooperation and safeguard peace and stability in the world and in the region, it said.

The US-dollar-denominated bond is the first Belt-and-Road-themed bond to be listed on Luxembourg Stock Exchange after Luxembourg signed a memorandum of understanding (MoU) with China to cooperate on the Belt and Road Initiative in late March.

The US travel aggregator website Booking Holdings is among the software companies that are partnering with Huawei on the mapping service, a source familiar with the matter told China Daily.

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The USS Theodore Roosevelt is seen while entering into the port in Da Nang, Vietnam, March 5, 2020. [Photo/Agencies]

The US dollar index dropped by 1.9 percent last month to 96.4, while the Chinese yuan appreciated to about 6.97 yuan per dollar at the end of December, adding to nearly 1 percent in November. Recent research by Morgan Stanley predicted that the onshore yuan will appreciate modestly against the US greenback in its trade-weighted basket in 2020, given a better economic growth outlook.

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The US reported a total of 85,996 novel coronavirus cases as of Friday, with the nationwide tally rising by around 10,000 cases per day since March 21, according to Johns Hopkins University.

The US unilateral and groundless labeling of China as a "currency manipulator" indicated the escalating Sino-US trade friction, but the Chinese economy's strong resilience, rooted in its huge domestic market and complete industrial sectors, will support it, they said at a seminar in Beijing.