<h1>China signals shift to greater market openness and trade liberalisation after bilateral understanding with US, easing controls and tariffs</h1> Chinese authorities announced a policy shift toward greater market openness and trade liberalisation following a bilateral understanding with the United States, signalling potential legal and regulatory changes to facilitate imports and investment. Measures referenced include lifting an export ban on strategic minerals, resuming agricultural imports, and rollback and extension of certain reciprocal tariffs, alongside pledges to enhance trade and investment facilitation and stabilise supply chains. The statements critique rising tariff barriers as disruptive of international trade rules and corporate operations. These developments indicate forthcoming adjustments to customs, trade and industrial policies that could affect cross-border supply chains, import licensing, export controls and tariff regimes.