AGP Executive Report
Last update: 38 minutes agoTrade Talks: China and the United States held their first Trade Council meeting, discussing tariff cuts, farm trade and a proposed reciprocal $30 billion tariff reduction. No agreement was announced ahead of an expected leaders’ meeting in Shenzhen. Electric Aviation: COMAC’s 10-tonne CE-25A completed its first crewed flight in Shandong. Developed with CATL and Shanghai Jiao Tong University, the 19-seat aircraft has a claimed 400-kilometre range, and regulators have accepted its type-certification application. China-Thailand Business: Premier Li Qiang urged companies to expand cooperation in investment, technological innovation and new-energy vehicles, as both governments seek closer economic ties. APEC and Innovation: Shenzhen hosts the regional leaders’ meeting next week, spotlighting its manufacturing and technology links across Asia-Pacific. The city’s R&D spending grew an average 12.9% annually from 2020 to 2024. Trade: China’s surplus topped $1 trillion for a second straight year, with exports of semiconductors and autos among the drivers, intensifying calls for more balanced trade.
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