The EU is considering restricting Chinese access to its 450 million consumer market by an October deadline to address a record trade deficit. German MEP Engin Eroglu warns such measures could destabilize China's economy and government due to its flawed model and high youth unemployment.
India is actively diversifying its LPG import sources, with the US becoming a major supplier following Middle East disruptions. The US share of India's LPG imports rose significantly, helping mitigate challenges caused by the Strait of Hormuz closure.
India is increasing LPG imports from the US to diversify its supply sources and reduce dependence on the Middle East, especially after the Strait of Hormuz closure disrupted Gulf shipments. US supplies have grown substantially, reaching up to 65% of India's imports in June, helping mitigate supply challenges during the West Asia conflict.
The EU and China have established a new high-level consultation mechanism to address growing commercial tensions and the EU's significant trade deficit with Beijing. The mechanism will focus on trade balancing, export controls, IP rights, and WTO reform.
EU and China agreed to use shared trade data to monitor import surges, escalating to political talks if a "red" zone is crossed. EU's Sefcovic reported "intensive, focused and constructive" talks but warned of EU action if meaningful progress isn't made by autumn.
A Chinese scholar argues that global economic adjustments, not just China's industrial overcapacity, are the root cause of trade imbalances. Huang Yiping noted China's progress in reducing its current-account surplus but stressed the need for increased domestic consumption.
Former US Treasury Secretary Henry Paulson advised Washington and Beijing to manage their strategic competition to prevent conflict, warning that distrust is a greater risk than trade imbalances. Speaking in Beijing, he emphasized the need for 'guard rails' amidst intense rivalry.
A Brussels thinktank warns Germany risks deindustrialisation similar to the US in 2001 due to China's growing trade surplus. The CER report highlights a $25bn deficit and Beijing's targeted policies against German industry.
وزراء مالية مجموعة السبع يناقشون اختلالات التجارة العالمية، إمدادات المواد الخام، تمويل الدول النامية، مكافحة الإرهاب، ودعم أوكرانيا. وزير المالية الألماني يحذر من عواقب الحرب الاقتصادية وإغلاق المضيق.
African eels, frozen meat and rare earths now have one thing in common – at least in China. The commodities are among a wide variety of products that can enter the country tariff-free as part of a policy to help redress the continent’s massive trade imbalance with China. The zero-tariff policy has applied to 33 “least-developed” African countries since 2024 and, from May 1, has been expanded to include 20 “middle-income” African nations. The schedule will remain in effect for two years, covering...
Analysis of Spain's diplomatic engagement with China under PM Sanchez reveals a pattern of minimal returns: four visits since 2023 have yielded only agricultural market access (almonds, persimmons, pork, cherries, pistachios, poultry, dried figs) while Sanchez claims historic diplomatic achievement. The article argues Spain has secured no meaningful strategic concessions, reciprocal market access, or significant investment, raising questions about whether Madrid has subordinated its traditional Western alignment to Beijing without commensurate gain.
