AGP Executive Report
Last update: 4 hours agoEU-China Trade: EU trade chief Maroš Šefčovič is in Beijing seeking progress on a goods deficit exceeding €1 billion a day. Brussels is weighing tougher trade tools, while China warns against protectionism. Reserves: China added about 23 tonnes of gold in September, extending its buying streak to 23 months, even as foreign-exchange reserves fell $38.1 billion to $3.4 trillion. Autos: Chinese-made vehicles captured nearly 40% of Australia’s new-car market in September, outselling Japanese- and Thai-built vehicles combined. Consumer Economy: Golden Week drew huge travel demand, but reports point to cautious spending, underscoring the challenge of turning holiday activity into broader consumption growth. AI Chips: Huawei says its Ascend chips now outsell Nvidia’s in China, but the company says it still cannot meet domestic demand.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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