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As a flagship projects of China-Britain cooperation, Hinkley Point C is co-invested by a CGN-led Chinese consortium and French state-owned power giant EDF, with the Chinese side holding a one-third stake in the project.

As central bank governor Yi Gang noted last week, China has good economic fundamentals, resilient economic growth and balanced supply and demand. Even a full-blown trade war between China and the United States is expected to cut only 0.1 to 0.5 percentage points off China’s economic growth, dependent on the scale of tariffs on Chinese exports. And given that officials from the two countries are still actively discussing ways to avoid this worst-case scenario, there is no reason to think the fallout from the two sides’ trade quarrel cannot be managed.

As a sub-index of the Tianjin Shipping Index, TCI is published on working days and was first published in September 2010. It is issued by the Tianjin International Trade and Shipping Service Center in Northern China's Tianjin municipality.

As countries such as China and Russia find alternatives to conducting bilateral trade, they can reduce their reliance on dollars. The same goes for Europe and other parts of the world.

As a result of the action, any property or interest of the designated persons in the US must be blocked, and US persons are generally prohibited from dealing with them.