AGP Executive Report
Last update: 2 hours agoIndustrial Partnerships: UAE officials explored investment and smart-manufacturing deals at Shanghai’s China International Industry Fair, including factory visits focused on robotics and automation. Auto Trade: China’s September vehicle exports jumped 61.4% year on year as domestic sales weakened. A new EU-China arrangement caps Chinese hybrid imports at 350,000 a year, more than halving expected shipments and pushing automakers to consider local production. Chips and AI: China’s CXMT says server DRAM using a denser design is due this year, sharpening competition with established memory makers. China-Africa Trade: Ecobank signed an agreement to use China’s CIPS payment network for yuan settlements, aiming to make trade payments between African businesses and Chinese partners easier. Manufacturing Investment: Chinese garment maker Longteng plans a $17 million factory in Bangladesh’s Mongla export zone, with capacity for six million clothing items annually and 3,005 jobs.
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