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BUSINESS8h agoChina is bringing car production to EUChina has moved from exporting cars to bringing entire auto industry ecosystems, building up production capacity in Europe and boosting partnerships with local companies. Arthur D. Little's automotive expert Philipp Seidel tells France 24 that while tariffs and quotas can buy time, EU carmakers must improve their own competitiveness and not become too dependent on Chinese suppliers. But first, we look at the latest IMF global growth forecast and warning about rising debt.France 24 [en]
BUSINESS14h agoEurope's alternative to Trump's China trade warEurope is testing a new response to China Shock 2.0, betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach.Why it matters: More of the world is beginning to confront the threat that China's industrial overcapacity poses to their industries. But protecting individual sectors will not solve the bigger problem: China's factories are cranking out far more than its own economy can absorb.Driving the news: The European Union and China struck a preliminary deal on Friday to sharply limit Chinese hybrid vehicle exports to Europe.The EU plAxios
BUSINESS21h agoRoche signs $1.16B obesity drug deal with China’s Rona TherapeuticsRoche has signed a $1.16 billion deal with Rona Therapeutics from China for an obesity drug. This represents a significant collaboration in the pharmaceutical industry.Seeking Alpha Tech
BUSINESS21h agoGermany's China calculation shifts as import pressures eclipse export benefitsGermany has long resisted tougher action against China, fearing retaliation. But rising pressure on key industries has pushed Berlin to seek stronger EU trade-defense powers to protect its industrial base.DW News [en]
BUSINESS1d agoParis Motor Show kicks off as China-EU rivalry heats upThe biennial Paris Motor Show kicks off with a record number of Chinese brands descending on the French capital. European carmakers are fighting back, showcasing their latest models, as the EU announced a deal with China to limit the imports of hybrids. France 24's Charles Pellegrin has been speaking with CEOs of both Chinese and European carmakers.France 24 [en]
BUSINESS1d agoEU-China trade deal raises fears Brussels will go soft on BeijingThe EU's new trade deal with China has eased fears of an escalating trade war, but it could also weaken the political momentum behind Brussels' plans to take a tougher stance against Beijing's economic practices.EuroNews [en]
BUSINESS1d agoThe China-EU Trade Truce Buys TimeFor the EU, the choice is increasingly difficult: secure real concessions from Beijing to address structural trade imbalances or deploy stronger unilateral measures to protect its industrial base.The Diplomat
BUSINESS1d agoThe China-EU Trade Truce Buys TimeFor the EU, the choice is increasingly difficult: secure real concessions from Beijing to address structural trade imbalances or deploy stronger unilateral measures to protect its industrial base.thediplomat · japan
BUSINESS1d agoChina, EU take a breath after surprise deal brings temporary halt to trade tussleWeeks 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 – a cooldown augmented by Beijing’s subsequent reduction of value-added tax (VAT) export rebates on...South China Morning Post
BUSINESS1d agoHow 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
BUSINESS1d agoChina-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
BUSINESS2d agoParis 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]
BUSINESS2d agoEurope can fight the ‘China shock’But it requires Brussels to prioritise creative destruction over protectionismFinancial Times
BUSINESS4d agoChina, 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]
BUSINESS4d agoEU 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
BUSINESS4d agoEU-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
BUSINESS4d agoChina 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
BUSINESS4d agoChina 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]
BUSINESS4d agoChina 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
BUSINESS4d agoTesla’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
BUSINESS4d agoEU 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]
BUSINESS4d agoChina 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
BUSINESS4d agoChina 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
BUSINESS4d agoChina 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
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