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As a result of the Treasury's action, any property or interests of the designated persons in the United States will be blocked and transactions by Americans involving these persons are generally prohibited.

As a world-renowned academic, Lu joined Surrey as president and vice-chancellor in 2016, becoming the very first Chinese principal in Britain's higher education history.

As family income grows, population aging and urbanization rates rise, the demand for wealth management among Chinese households has shown explosive growth, said Tu Guangshao, president of Shanghai Finance Institute.

As for US exports to China, Braden said first-quarter data showed a 19.3 percent decline from 2017 to 614,588 TEUs. "That was due almost exclusively to China's waste ban, as that is the largest US export, and China is the top market for that export," he said.

As for international balance of payment, China's foreign exchange reserves reached over trillion by the end of June, with balanced capital outflow and inflow.