The Chinese government has moved to slash its tariffs on American-made cars , started buying more soybeans from US farmers again and shown signs its willing to rethink "Made in China 2025." They've raised hopes of a deal of some kind that could include significant changes to allow a greater role for foreign companies in China's economy. 'Made in China 2025'In 2015, China announced a 10-year plan to transform its vast manufacturing sector by pushing it into high-tech industries including electric cars, aerospace and advanced medical devices. Since "Made in China 2025" became a focal point in the trade war, the Chinese government has started playing it down. Commerce Secretary Wilbur Ross said last week that Beijing has been "playing down" the "Made in China" plan since the United States and other countries began pushing back against it.

Source: CNN December 18, 2018 00:45 UTC