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BUSINESSOct 12How China and the EU pressed pause on trade war – and what it took to get thereWeeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war. Beijing agreed not to retaliate against Brussels’ move to curb imports of Chinese hybrid cars,...South China Morning Post
BUSINESSOct 12China-EU car deal eases trade tensions for now at leastChina agreed to cut millions of hybrid car exports to the European Union over the next four years, easing simmering trade tensions ahead of a key meeting of European leaders later this week. The deal will slow exports to half or less the pace currently predicted by the EU, the bloc’s trade chief, Maros Sefcovic, told a press conference in Beijing on Friday after two days of negotiations. Next year alone, it will pare shipments by up to 700,000 vehicles and trim as much as €14 billion (US$16...South China Morning Post
BUSINESSOct 11Paris motor show: Macron calls for European preference against ChinaOn Monday, the French president will open his final Paris Motor Show, pushing his "Made in Europe" agenda: tying state aid for this key industry to genuinely EU-based production.EuroNews [en]
POLITICSOct 11The EU’s China dilemma: how to counter Beijing without alienating friendsIn September, the Jaecoo 7 – a budget SUV from China’s Chery Automobile – made headlines when it shifted more than 10,000 units to become Britain’s bestselling car. Christened the “Temu Range Rover” online, a nod to the cheap goods available on the Chinese online marketplace and the luxury 4X4 made by Jaguar Land Rover that it resembles, its success showed British drivers’ new-found taste for cut-price Chinese cars. Overall, 23 per cent of new cars bought in Britain last month were Chinese...South China Morning Post
BUSINESSOct 11Europe can fight the ‘China shock’But it requires Brussels to prioritise creative destruction over protectionismFinancial Times
WORLDOct 10How a museum masterpiece’s life-size replica sparked rare US-China collaborationFor anyone who has visited the Chinese galleries at the Metropolitan Museum of Art in New York, there is one work that stops them in their tracks. Stepping into Gallery 206, home to Chinese Buddhist art, visitors are met by a monumental wall – over 15 metres wide and 7.5 metres tall (nearly 50 feet by 25 feet) – covered in a Buddhist assembly so vast and majestic that it momentarily erases the Manhattan bustle outside. Here stands the Medicine Buddha, a 14th century Yuan dynasty (1279-1368)...South China Morning Post
BUSINESSOct 9China, EU reach deal to 'moderate' China's car exports to EUAn agreement between the EU and China would reduce exports of Chinese electric and plug-in hybrid cars to the 27-member European bloc by up to 50%, according to the EU trade envoy.DW News [en]
BUSINESSOct 9EU and China strike deal to curb car exports and avert trade warBrussels claims Beijing will more than halve hybrid vehicle exports as bloc secures concessions on rare earths and market accessIrish Times World
BUSINESSOct 9EU-China understanding could halve Chinese hybrid car exportsAn understanding between the EU and China has the potential to reduce Chinese hybrid car exports by half. This suggests a significant impact on international trade and the automotive market.Seeking Alpha Tech
BUSINESSOct 9China and EU avert trade conflict with ‘understanding’ on hybrid carsEuropean trade commissioner says Beijing has agreed to restrict vehicle exports in deal that shows negotiation ‘brings results’Financial Times
BUSINESSOct 9China and EU agree on hybrid cars, rare earths after trade talksBoth sides said they would adhere to 'procedures concerning company price undertakings' of hybrid cars in a joint statement released on Friday. Beijing also committed to continuing the supply of vital items such as rare earth minerals to the EU.Le Monde [en]
BUSINESSOct 9China and Europe agree to cut Chinese hybrid vehicle exports by halfEurope's trade chief Maroš Sefčovič cast the two days of talks with China's Commerce Minister Wang Wentao in Beijing as a positive first step.CNBC
BUSINESSOct 9Tesla’s China-made EV sales rise as Europe recovery continuesTesla's electric vehicle sales manufactured in China are increasing, coinciding with an ongoing recovery in the European market. This indicates positive sales trends for the company in key international markets.Seeking Alpha Tech
BUSINESSOct 9EU and China clinch deal over cars after heated trade talks as Brussels pushes to rebalance tradeEU Trade Commissioner Maroš Šefčovič described the deal as marking the end of the “first phase” of negotiations. Brussels is pushing for a fundamental rebalancing in trade relations with Beijing.EuroNews [en]
BUSINESSOct 9China and the EU have reached an agreement on hybrid cars, according to BeijingHandelskommissar Maroš Šefčovič bemüht sich um eine Zusage aus Peking, den boomenden Export chinesischer Plug-in-Hybrid-Elektrofahrzeuge nach Europa einzudämmen.Politico Europe
BUSINESSOct 9China and EU reach ‘understanding’ on hybrid vehicles after crunch trade talksThe European Union and China “reached an understanding” on trade in hybrid electric vehicles during marathon negotiations in Beijing on Friday, China’s commerce ministry said in a statement. Beijing is “willing to continue” fast-tracking licenses for rare earth mineral exports to Europe, while the sides will continue negotiations on reducing tariffs and creating minimum price deals that would allow Chinese electric vehicles to enter the EU market at a lower duty rate, according to the...South China Morning Post
BUSINESSOct 9China says it reaches ‘understanding’ with EU on hybrid carsTrade Commissioner Maroš Šefčovič says the agreement could prevent millions of Chinese vehicles from entering the European market over the next four years.Politico Europe
BUSINESSOct 9As China and the EU begin crunch trade talks, optimism is in short supplyObservers on both sides are braced for more turbulence – and mainly hope Beijing and Brussels can avoid a full-blown trade conflictthestar_my · malaysia
BUSINESSOct 9China and EU trade envoys seek ways to ease tensions over growing imbalancesThe top trade envoys for China and the European Union are wrapping up two days of talks aimed at calming escalating tensions over growing imbalances between the two giant economiesThe Independent World
MILITARYOct 9How quickly is China learning from the Ukraine war’s latest drone tactics?China is running the most systematic effort of any outside power to learn from the drone war in Ukraine, with military and defence-industry analysts typically writing up new battlefield techniques within about four months, according to a new analysis. But it usually took a year or more before those lessons showed up publicly in People’s Liberation Army (PLA) training, equipment or force structure, Lilly Min-Chen Lee and Kateryna Bondar wrote in a commentary published on October 7 by the...South China Morning Post
POLITICSOct 8EU’s fight to break China’s raw material dominance isn’t going wellThe majority of Europe’s mining, processing and recycling projects are behind schedule.Politico Europe
POLITICSOct 8China trade talks test EU’s appetite for tougher actionTrade Commissioner Maroš Šefčovič is seeking concessions from Beijing to narrow a record trade deficit, but expectations of a breakthrough are low.Politico Europe
CYBEROct 8Former head of German intelligence may have passed information to ChinaNOS Buitenland
BUSINESSOct 8EU trade envoy eyes yawning goods deficit on first day of China visitThe EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao. Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit". One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent. Also in this edition: Microsoft unveils its new AI-powered PCs in a bid to rival Apple.France 24 [en]