AGP Executive Report
Last update: 6 hours agoTrade & Demand: China’s October factory readings diverged: the official PMI showed contraction, while private RatingDog stayed at 52. Both pointed to weaker export orders. The CIIE opens in Shanghai on Nov. 5 with 4,142 overseas exhibitors. Clean Energy: Major Chinese solar firms still lost a combined 25 billion yuan in the first nine months, though several narrowed losses in Q3. Automotive: Industry profits plunged 68%, even as electric trucks reached half of China’s heavy-truck market; BYD vehicle assembly in Pakistan is targeted for December. Industrial Reach: China’s shipyards are taking a growing share of a record global shipbuilding orderbook, while freight trains from Lianyungang rose 7.3% year on year to 732 in the first nine months. Energy Partnerships: China and Oman signed 23 investment deals worth billions, with energy and high-tech cooperation among the priorities.
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