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China announced new measures to promote the service industry, including infrastructure development and encouraging bank lending. The government aims to stimulate domestic consumption, especially in tourism and sports, amid ongoing economic challenges like weak demand and deflation.
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Huawei launches HarmonyOS 6 with new AI agents and a short-range wireless transfer feature. Apple promotes AI development in China, with the launch of the iPhone Air supporting eSIM, amid ongoing regulatory and geopolitical negotiations. Both companies deepen ties with Chinese authorities and consumers.
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The EU is seeking China to relax export controls on rare earths and magnets amid escalating trade tensions. China has responded with export restrictions on Nexperia, a Dutch chipmaker with Chinese ownership, citing national security concerns. Diplomatic efforts are underway to resolve the dispute and stabilize supply chains.
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EU leaders are preparing to discuss potential measures against China’s recent export restrictions on rare earths and battery materials. The European Commission signals readiness to activate its anti-coercion tools, amid concerns over supply chain disruptions and geopolitical tensions. A new plan aims to diversify critical material sources and strengthen technological independence.
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China announced it will resume issuing streamlined permits for rare earth exports, easing restrictions that have impacted global supply chains. The move follows a suspension of controls in October and recent diplomatic talks involving the EU, US, and China, amid ongoing trade tensions and efforts to diversify supply sources.