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As you might have noticed, the U.S. and China have been locked in a trade war over the last year, driven by President Trump’s insistence that 17th-century economic theories are back in vogue. While both sides remain engaged in discussions, there’s no question that business relations have suffered quite a bit following the introduction of tariffs on Chinese goods by the U.S., followed of course by retaliatory tariffs from China.

As such, governments on both sides of this relationship should work to reduce government regulations and barriers that inhibit both profitability and business growth, the report's executive summary concluded.

As the country opened up on the scope of business for foreign banks, Citi China's areas of business have gradually expanded over the past few decades from foreign currency-denominated business to renminbi business, and from large corporates to small-and medium-sized enterprises and consumer banking. In 2007, the bank was one of the first to become a locally incorporated bank with comprehensive functions.

As the ranks of people around the world living in cities has grown, so too has the cost of car ownership as well as traffic congestion.

As the 45th anniversary of the normalization of ties between Beijing and Tokyo arrives amid a relationship that remains strained, media from the two neighbors discussed ways to break the impasse.