We open with a look at the World Trade Organization's ongoing review of China's trade policies. The results are critical at this juncture as China-US trade tensions escalate yet again. We show you what's new about the review results.

The WTO for the first time has recognized the role of the Trade Development Bureau, an office under the commerce ministry, in promoting exports.

However, China's overall goods trade declined with both exports and imports falling. The WTO says exports continue to be dominated by manufacturers, which accounted for 94 percent of total goods exports in 2016. Manufacturers are also the largest importers, responsible for around 65 percent of China's imports.

Meanwhile the WTO, also for the first time, talked about China's consumption and investment in the global energy space during its two-day review.

The WTO said that China imported as much as 18 percent of its total energy consumption, but exported only marginal amounts of energy. It pointed out that China welcomes foreign investment in the exploration and development of all types of oil. It also noted that China is in the process of reforming its electricity market. But the WTO said that foreign investment in China's energy sector has been dropping in recent years.

More on cross-border investment. The WTO said China's overall outward FDI has been trending higher in recent years, but the increase hasn't been as pronounced as for inward FDI.

The WTO recognized China's "Manufacturing 2025" campaign to boost its technology competitiveness and accelerate its de-capacity drive.

The WTO also noted that China's involvement in the economy remains considerable, with the state retaining a majority share in all but one of the country's 100 largest publicly listed companies. XC CGTN.