AGP Executive Report
Last update: 11 hours agoEU-China Trade: Brussels will cap Chinese hybrid-car imports at 350,000 a year under a deal with Beijing, aiming to curb shipments as exports surge. China says the arrangement allows volumes to grow from 2025 levels; lithium futures fell nearly 12% amid worries about weaker EV-battery demand. Autos: Chinese passenger-car exports jumped 64% year on year to 919,000 in September, while domestic sales slumped, underscoring automakers’ growing reliance on overseas markets. BYD is considering France for a European factory. Growth: The World Bank raised its 2026 China growth forecast to 4.5%, citing high-tech exports, as Beijing steps up fiscal support to boost demand. Policy and AI: China proposed new rules requiring platforms to formalize employment arrangements for many gig workers. Beijing is also promoting “token factories” to scale AI services into a new economic industry. Financial Risk: Police opened a criminal probe into CreditEase affiliates after the fintech group warned it may be insolvent and unable to repay investors in full.
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