AGP Executive Report
Last update: 10 hours agoChina-EU Trade Friction: The EU and China launched a new trade and investment consultation mechanism as Brussels pushes for “tangible results” by October, with leaders warning a “China shock” could hit European industry if imbalances aren’t addressed. Manufacturing Momentum: China’s official factory PMI returned to expansion in June (50.3), helped by strong exports tied to chips and AI gear and front-loading orders ahead of expected US tariff moves. Energy Storage “Anti-Involution” Push: China’s battery industry set a 60-day payment cap for EV and energy storage suppliers, aiming to curb disorderly low-price competition and restore pricing power. Currency Watch: The yuan firmed against the dollar as exporter demand supported conversion, with traders looking to upcoming US data for the next direction. Auto Demand Shift: Japan’s automakers kept sliding in China in May, with Toyota down 32% year-on-year, as fuel-car weakness meets faster EV adoption. Maritime Tensions: Japan protested after China installed a mobile offshore drilling rig near the East China Sea median line, escalating concerns over resource development. US Legal Fallout: Chinese exile tycoon Guo Wengui was sentenced to 30 years in a US prison for fraud, underscoring cross-border financial crime enforcement. Global Business Links: Kenya’s Afriavo Orchards won approval to export frozen avocados to China after a compliance audit under the 2019 SPS protocol.
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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