China and the European Union have moved toward a negotiated arrangement linking restraint in hybrid-car trade with smoother access to strategically important goods. Subsequent statements have clarified the initial Chinese announcement: EU Trade Commissioner Maroš Šefčovič confirmed an understanding that could reduce Chinese hybrid and plug-in hybrid exports by more than half relative to projected flows under unchanged policy.

He also said the outcome would go before European leaders. This represents a potentially significant commercial compromise, although the headline announcement is not equivalent to restrictions already operating at the border.

The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade has officially come into force, marking a significant step in deepening economic ties between the two partners. This initiative is part of a broader effort to strengthen trade relations with Taiwan, which was excluded from the U.S.-led Indo-Pacific Economic…

Retailers in China are facing significant challenges following a disappointing performance during the mid-year 618 online shopping festival, which casts a shadow over the recovery prospects of the world’s second-largest economy. This festival, celebrated annually around June 18, is China’s second-largest sales event after…