euchina
China hat eine Antisubventions-Untersuchung zu aus der Europäischen Union importierten Milchprodukten eingeleitet. Das teilte das chinesische Handelsministerium in einer Erklärung am Mittwoch mit – ein Zeichen für den eskalierenden Handelsstreit zwischen Brüssel und Peking. Die Untersuchung, die von zwei staatlich unterstützten Industrieverbänden beantragt wurde, sei am 14. August in Absprache mit der Europäischen Kommission erörtert worden, heißt es in der Erklärung. Die Untersuchung soll innerhalb von zwölf Monaten abgeschlossen werden, könnte aber um weitere sechs Monate verlängert werden. ...
Euronews (German)
China has initiated an anti-subsidy investigation into dairy products imported from the European Union, the Chinese Ministry of Commerce said in a statement on Wednesday, in a sign of an escalating trade spat between Brussels and Beijing. The probe - requested by two state-backed industry groups - was discussed in consultation with the European Commission on August 14, the statement claims. The investigation should be concluded within 12 months but could be extended for another six. The probe will target EU subsidies in the production of fresh and processed cheese, blue cheese and other cheese...
Euronews (English)
Brussels intends to impose definitive duties on imports of Chinese battery electric vehicles (BEVs), the European Commission announced Tuesday, edging closer to a long-term solution to shield the bloc’s homegrown BEV industry from unfair competition from Beijing. In draft final conclusions of its anti-subsidy probe, shared with Chinese BEV producers as well as the Chinese and EU governments on Tuesday, the Commission unveiled its intended definitive duty rates for a range of BEV producers. If approved by EU member states, those rates would apply for five years from their adoption, meaning Chin...
Euronews (English)
Brüssel beabsichtigt, endgültige Zölle auf die Einfuhren chinesischer batteriebetriebener Elektrofahrzeuge (BEV) zu erheben, teilte die Europäische Kommission am Dienstag mit. Damit kommt sie einer langfristigen Lösung näher, um die einheimische BEV-Industrie vor dem unlauteren Wettbewerb aus Peking zu schützen. Im Entwurf der endgültigen Schlussfolgerungen ihrer Antisubventionsuntersuchung, den die Kommission am Dienstag sowohl den chinesischen BEV-Herstellern als auch der chinesischen und der EU-Regierung mitteilte, stellte sie ihre geplanten endgültigen Zollsätze für eine Reihe von BEV-Hers...
Euronews (German)
The PBOC has left its key lending rates - the one-year and five-year LPR - unchanged at 3.35% and 3.85%, respectively, after cutting them to new record lows last month. The one-year LPR serves as a benchmark rate for business and household loans, while the five-year LPR is the rate used for mortgages. Chinese officials view these two lending rates as tools to regulate business growth and consumer spending. A balancing act to support the economyToday's decisions were widely anticipated, as two consecutive rate cuts were considered premature, particularly following the bank's measures to curb a ...
Euronews (English)
The German pharmaceutical industry has warning of possible drug shortages after China tightened its espionage laws. Four out of Germany's 16 states have now cancelled routine quality control trips to China by their inspectors as they're concerned they could fall foul of the law. The states say they can no longer guarantee the safety of their inspectors on visits to Chinese pharmaceutical factories. "Some active ingredient certificates have already expired or are threatening to expire in the next few months, which will lead to a standstill in the supply chain for various drugs," the German Phar...
Euronews (English)
Following the broad rebound in global stock markets, investors are keen to see more evidence that the global economy is moving in the desired direction, such as cooling inflation, lower interest rates, and economic recovery. Market focus will be particularly on the two-day Jackson Hole Symposium, attended by central bankers and other key financial participants. Additionally, flash manufacturing and services Purchasing Manager Index (PMI) data will be released from major economies, including the Eurozone, the UK, and the US. The Federal Reserve will also release its meeting minutes for August, ...
Euronews (English)
Technology stocks have faced strong headwinds over the past month, driven by disappointing quarterly earnings and a broad risk-off sentiment in global markets. Investors have begun unwinding their positions in artificial intelligence (AI) stocks, reallocating funds to sectors likely to benefit from lower interest rates, such as real estate and utilities. On Wall Street, most of the so-called "Magnificent Seven" stocks have seen sharp declines over the past month, with leading AI frontrunners like Microsoft, Nvidia, Amazon, and Alphabet all losing more than 10%, placing them in correction terri...
Euronews (English)
The Chinese government said on Friday that it had filed a complaint with the World Trade Organisation over European Union tariffs on electric vehicles made in China. The Commerce Ministry said that China had resorted to the WTO dispute settlement mechanism "to safeguard the development rights and interests of the electric vehicle industry and cooperation on the global green transformation." The EU has imposed provisional tariffs on EVs made in China, in the range of 17.4% to 37.6%. That is on top of a 10% duty already imposed on Chinese auto imports. The European Commission maintains that Chin...
Euronews (English)
EU capitals are prepared to back the introduction of tariffs on Chinese electric vehicles, Valdis Dombrovskis, the European commissioner for trade, told the Financial Times. "It's clear that member states realise the need to protect the EU's car industry because this risk of injury is there," said Dombrovskis. "Chinese battery electric vehicle market share is growing very rapidly. That subsidisation is there." "So it’s certainly an issue that needs to be addressed." At the start of July, the European Union decided to impose provisional tariffs on EVs made in China, in the range of 17.4% to 37....
Euronews (English)
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