Anxious West Seeks to Rewrite Global Trade Rules to Counter China
At a Brussels summit EU leaders urged the European Commission to broaden its trade‑defence toolbox, targeting what they label China’s “overcapacity” in sectors such as chemicals and green technology. The proposed measures include sector‑wide tariffs and other restrictions that increasingly resemble the United States’ Section 301 approach. While Europe has long championed multilateral trade, growing fears of deindustrialisation, supply‑chain fragility and technological dependence are driving a shift toward protectionist tools. The article argues that China’s manufacturing edge derives from scale and market integration rather than unfair subsidies, urging negotiation and WTO reform over unilateral action.
China’s E-Commerce Platforms Help Unlock Global Markets for South Korean Brands
South Korean e‑commerce firms are leveraging Chinese cross‑border platforms such as JD Worldwide and Tmall Global to sell Korean beauty, fashion, food and health products directly to Chinese shoppers. The move comes as Korea’s online overseas sales hit 1.06 trillion won (about...
Energy Storage: China’s Battery Power Sets Stage for Global Leadership
China is accelerating battery‑based grid storage, targeting a 150% increase by 2030 as part of a broader energy‑security strategy. The government is backing the expansion with subsidies, grid mandates, and new testing facilities like the extreme‑conditions laboratory in Xiamen. Domestic...
Many Countries Are ‘Quiet Quitting’ the US and China on Trade
President Donald Trump’s administration is set to replace the expired 10 percent global tariff with Section 301 duties targeting 60 economies over forced‑labour issues, while a separate round will impose tariffs on 16 countries for alleged excess‑capacity trade surpluses. Additional national‑security Section 232...
China’s Policy Blitz at Lujiazui Forum – What It Means for Markets, Outflows and the Yuan
Chinese regulators announced at the Lujiazui Forum a suite of measures to expand outbound‑investment channels and boost offshore yuan trading. The Shanghai Free Trade Zone will now permit offshore‑yuan FX transactions through the China Foreign Exchange Trade System, with six...
Delta Air Lines Adds Shanghai Flights Amid Thaw in China-US Economic Relations
Delta Air Lines will increase its Shanghai‑Los Angeles service to two weekly flights, raising its total China‑US schedule to five weekly trips in October. The expansion brings Delta’s weekly China‑US flights to 19, including routes to Detroit and Seattle. The...
China Accelerates Digital Yuan Push as 26 Banks Join New Cross-Border Platform
China’s People’s Bank has added 26 domestic and overseas financial institutions to its new Cross‑border e‑CNY Transfer Services (CBETS), creating a direct digital‑yuan payment link with foreign central banks. The platform operates alongside the existing Cross‑border Interbank Payment System (CIPS)...
China’s First C919s Get Critical ‘C-Checks’ as European Regulators Watch
Three years after its debut, China’s domestically built C919 is undergoing its first C‑checks, with China Southern completing a three‑week inspection that consumed roughly 6,000 man‑hours. The mandatory C‑check, performed every 18‑24 months or after 4,000‑6,000 flight cycles, will assess...
At World Cup, Mexico Leans on China Tech and Transport to Keep the Tournament Kicking
Mexico’s 2026 World Cup logistics are increasingly powered by Chinese technology and transport solutions. Beijing‑based firms are supplying cloud‑computing platforms, AI‑driven crowd‑management tools, and high‑speed rail components for stadium access. The partnership helps Mexico meet FIFA’s infrastructure deadlines while diversifying...
China’s Central Bank Head Says Country a Haven for Asset Diversification in Volatile World
At a joint People’s Bank of China and BIS conference in Shanghai, Governor Pan Gongsheng promoted China’s financial markets as a safe haven for diversification amid heightened global volatility. He noted that foreign central banks now hold roughly $460.5 billion in...
Investors Expecting a US Interest Rate Rise Could Be in for a Surprise
The war‑driven energy shock has pushed headline inflation in developed economies from 2.2% to 3.3% between January and April, prompting 46 of 68 central banks to overshoot their targets. While Asian central banks are already tightening, the US Federal Reserve...
Europe’s Bet on Chinese EV Joint Ventures May Be Solving Yesterday’s Problem
European policymakers are urging Chinese EV makers to form joint ventures, hoping to capture technology transfer. However, Renault China CEO Soh Weiming warns that China will likely export factories and industrial capacity, not core intellectual property. In the EV era,...
China’s Shipyards Pass Fresh Milestone with Delivery of Vast Specialised Carrier
Chinese state‑owned Jiangnan Shipyard handed over Ivy Cove, a 93,000‑cubic‑metre very large ammonia carrier, the world’s biggest of its kind. The vessel is the first delivery from a six‑ship order placed by Singapore’s Eastern Pacific Shipping in 2023 and demonstrates...
Do China-Russia Trade Payment Frictions Show Limits of De-Dollarisation?
China and Russia have shifted most bilateral trade settlement to the yuan and ruble, yet payment frictions persist as Chinese banks curb exposure to U.S. secondary sanctions. Senior Russian banker Alexander Vedyakhin warned that payment routes now involve multiple intermediaries,...
EU Trade Chief Swipes at China’s Overcapacity, but Seeks ‘Meaningful’ Talks with Beijing
EU trade chief Maros Sefcovic called for practical, result‑oriented dialogue with China after meeting Li Chenggang at the OECD in Paris, warning that Chinese overcapacity and non‑market practices are distorting global markets. He highlighted the EU’s growing trade deficit with China of...