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The South Korean lawmakers' visit comes at a time when the two countries' relations have sunk to their lowest point in years. Earlier this week, the South Korean military carried out two days of drills in waters near the islands, and Japan also lodged a strong protest.

The Trump administration already slashed tariffs on imports of steel and aluminium from the EU which retaliated by collecting duties on American goods ranging from Harley-Davidson motorbikes to jeans.

The Shanghai Composite Index was up 18 percent from the start of the year through to July 15, which also speaks to a positive investors' attitude towards the Chinese economy, he noted.

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The Trump administration's "America First" policy was scrutinized by the consuls general of India, Japan, South Korea and China at an Asia Society seminar.

The Supreme People's Court. [Photo/Chinanews.com]

The State-owned firm operates rail freight services between Wuhan, the provincial capital of Hubei province, and European countries.

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The Supreme Court's decision means in states across the Ninth Circuit, including California, Oregon and Washington, local jurisdictions can no longer enforce similar statutes if they don't have enough shelter beds for homeless people sleeping outside.

The Shanghai International Energy Exchange. [Photo by Wang Ying/chinadaily.com.cn]

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The Shanghai Tower also announced that it would adopt this policy starting from July 1.

The Supreme People's Court pledged to strictly punish people who fail to comply with verdicts and who oppose the enforcement of rulings, to protect the rights of lawsuit winners and strengthen China's rule of law.