Chinese commerce minister shaping China’s trade stance at a pivotal moment
Germany’s chancellor-designate has secured leadership of the CDU as the EU works to finalize a €2 trillion seven-year budget. Brussels worries about Germany’s path amid signals of turbulence at home, while France faces its own far-right challenge ahead of next year’s elections. Officials say coalition partners will stay together, but Berlin’s stance could shape EU policy on industry and spending in the coming months.
China has warned it will respond firmly to EU measures that restrict Chinese firms, saying such actions would undermine mutual trust and disrupt trade talks. The EU is weighing a fast-acting tool to curb Chinese access, with talks aimed at tangible results by October.
EU trade chief in Beijing for talks as Europe presses for curbs on Chinese hybrid car exports. Beijing rejects voluntary limits, prompting the bloc to consider a unilateral EU measure to cap imports. Leaders warn of a rapid response to protect European industries.
The EU and China have reached a pilot agreement to curb Chinese hybrid vehicle exports, with a 16-point framework covering cars, rare earths and market access. The plan includes an initial cap on hybrid imports and a mechanism to block shipments above the quota, while dialogue continues on broader trade issues.
China has reported a 4.5% year-on-year GDP growth for Q3, with exports lifting the economy while domestic demand remains fragile. Analysts say the tech sector and AI-related demand underpin the uptick, even as investment and property drag on overall momentum. The government’s target of 4.5%–5% for 2026 appears achievable, aided by export strength and ongoing policy support.