But the deal has plenty of criticism in both sides, who say Trump`s tactics have been economically damaging and the deal leaves many important economic issues unresolved. The Soviet-backed North Korean People`s Army invaded South Korea on June 25. The United Nations and the United States are rushing south Korea`s defense. China, in support of the Communist North, takes revenge when US, UN and South Korean troops approach the Chinese border. Up to four million people died in the three-year conflict until the United Nations, China and North Korea signed an armistice agreement in 1953 [PDF]. Since the 1980s, Trump has advocated tariffs to reduce the United States. The CEPA agreement between China and Hong Kong offers many advantages to foreign investors who set up local businesses in Hong Kong, as they reduce (after a waiting period) withholding taxes and dividends on funds returned from the mainland to the region. Macau offers similar advantages and especially in the service and finance sector – extremely useful considering Macau`s emergence as a major tourist and casino destination. China has taken various measures to promote its external economic relations and maximize the role of imports, exports and foreign capital in economic development. Foreign trade organizations have been reorganized and import and export controls have been relaxed or strengthened depending on the trade balance and the level of foreign exchange reserves. Intensive purchases of foreign facilities and equipment led to a restriction on imports from 1980 to 1983.
Due to the expansion of exports in the mid-1980s, a large surplus of foreign exchange reserves and the decentralized management of foreign trade, imports have increased. . . .