China will roll out a three-month nationwide campaign to curb online misconduct in the auto industry, aiming to foster fairer competition in the country’s rapidly growing new energy vehicle (NEV) sector, according to a notice released on Wednesday by the Ministry of Industry and Information Technology, China Daily reported.
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Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States, Reuters reported. The Economy Ministry said that the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports.
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China’s deflationary pressures persisted in August, with a gauge of consumer prices slipping back into contraction as an uncertain growth outlook dents sentiment, the Wall Street Journal reported. The country’s consumer-price index fell more than expected last month, underlining worries that deflation may be becoming entrenched. Data from the National Bureau of Statistics showed that the index fell 0.4% from a year earlier in August after being flat in July.
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China has racked up a $60 billion trade surplus with Africa so far in 2025, nearly surpassing last year’s total, as Chinese companies redirect trade to the region while President Trump’s tariffs crimp the flow of goods into the United States, the New York Times reported. Through August, China exported $141 billion worth of goods and services to Africa, while importing $81 billion, according to data released by the Chinese government on Monday.
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Chinese lawmakers have begun reviewing a draft revision to the Enterprise Bankruptcy Law, as part of efforts to improve the market exit system, Xinhau reported. The draft revision to the law was submitted on Monday to the ongoing session of the Standing Committee of the National People's Congress, for its first reading. The draft introduces a relatively comprehensive revision to the current law, with more than 160 provisions newly added or revised.
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China’s exports grew at a slower-than-expected pace last month as the boost from a trade truce with the U.S. waned, the Wall Street Journal reported. Outbound shipments rose 4.4% from a year earlier in August, down from a 7.2% increase in July, the General Administration of Customs said Monday. Chinese imports climbed 1.3% during the month, according to the customs bureau. That compared with July’s 4.1% increase and the 1.8% rise expected by the economists surveyed.
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China's investors borrowed a record $322 billion to buy stocks this year, but sharp corrections this week and heightened regulatory scrutiny to cool overheated markets are now making them jittery about the leveraged bets, Reuters reported. While risks for China's broader financial system have been elevated for months due to deflation in the economy and a persistent property debt crisis, the stock investors' recent actions could add more pressure. Outstanding margin financing in China, a key gauge of sentiment and leverage level, hit a record 2.3 trillion yuan ($321.55 billion) this week.
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Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China, Reuters reported. The tariffs would be part of "Plan Mexico", an initiative to boost domestic industry amid tariffs imposed by U.S. President Donald Trump on some imports from Mexico.
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Liquidators of China Evergrande, once the country's largest property developer, have asked a Hong Kong court to appoint receivers to identify and preserve the assets of founder Hui Ka Yan, who has not disclosed his worldwide properties, Reuters reported. The move is the liquidators' latest effort to recover $6 billion in dividends and remuneration paid to Hui and other former executives, as they fight court battles to freeze offshore assets of the founder and his former spouse, among others.
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Hong Kong High Court Judge Linda Chan said that she would like to see more Chinese cities allowed to recognize the city’s insolvency proceedings under a pilot program, Bloomberg News reported. In 2021, courts in Shanghai, Shenzhen and Xiamen were allowed to recognize insolvency proceedings in Hong Kong. In practice, the Hong Kong High Court has assisted insolvency administrators appointed by mainland China courts to collect assets and investigate related corporate affairs in Hong Kong, according to Chan.
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