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As of late September 2025, Super Typhoon Ragasa caused severe flooding and destruction across Taiwan, southern China, and the Philippines. At least 14 people died in Taiwan after a barrier lake burst in Hualien County, flooding Guangfu township. Millions were evacuated in southern China, with widespread damage reported in Guangdong and Hong Kong. The storm has weakened but remains a rain threat to Southeast Asia.
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China announced it will no longer seek special developing-country status at the WTO, aiming to promote global trade reform amid rising protectionism. This move aligns with efforts by other nations to reshape international trade rules, amid ongoing geopolitical tensions and calls for WTO reform.
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The WTO reports a significant upward revision in merchandise trade growth for 2025 to 2.4%, driven by AI-related goods and resilient trade among developing countries. Predictions for 2026 are lowered to 0.5%. The report highlights trade dynamics amid tariffs and economic shifts, with a focus on regional impacts.