Despite EU tariffs on electric vehicles, China is projected to remain the world’s top car exporter in 2025 with an estimated 5.58 million units shipped, up 14% year-on-year. Major automakers like SAIC are diversifying product lines to include hybrid models to counter trade barriers, while BYD and Chery dominate European and Southeast Asian markets.

The U.S. Department of Commerce introduced a new tariff offset process allowing automakers to reduce Section 232 tariffs on imported parts based on their U.S. production volume. This initiative aims to boost domestic assembly capabilities while mitigating reliance on foreign manufacturing. Eligible manufacturers can apply for tariff reductions of 3.75% (2025–2026) or 2.5% (2026–2027) of their vehicles’ MSRP.

China will implement a batch of demonstration projects featuring advanced green and low-carbon technologies, the National Development and Reform Commission (NDRC) said Tuesday. By 2025, a number of advanced green and low-carbon technological achievements will be transformed and applied, while supportive policies, business models and regulatory mechanisms conducive to the promotion and application of the technologies will be gradually refined. It is necessary to improve policies for green and low-carbon economic development, and strengthen fiscal support, tax policy support, financial support and pricing policy support. It is imperative to promote a better combination of efficient markets and competent government, and integrate resource and environmental factors such as carbon emission rights, energy use rights, water use rights, and pollutant discharge rights into the overal...

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates were invited to become new BRICS members. The decision was announced at a special news conference during the 15th BRICS Summit in Johannesburg, South Africa. The expansion marks a new starting point for BRICS cooperation. It will inject new vitality into the mechanism of BRICS cooperation and further strengthen the forces of global peace and development. The BRICS expansion is historic, reflects the resolution of the BRICS countries to unite and cooperate with other developing countries, meets the expectations of the international community, and serves the common interests of emerging markets and developing countries....

China aims to accelerate the industrialization of new materials like superconducting materials, graphene and liquid metal that are now considered critical to the development of high-tech industries, the country's top industry regulator said. The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission jointly released a list of important new materials whose industrialization will be advanced. These materials represent the direction of the development of the new materials industry, which is an important entry point for building new growth engines, the ministry and the commission said. They also called for their subordinate bodies to encourage enterprises to advance the industrialization of graphene in sectors like rail traffic, aerospace equipment, new energy and new-generation information technologies. Also, more e...

Themed "Opening-up leads development, cooperation delivers the future," the 2023 CIFTIS is being held in Beijing from Sept. 2 to 6. Eighty-three countries and international organizations are attending the fair, and more than 2,400 companies are participating in offline exhibitions. This year's fair comprises the Global Trade in Services Summit, exhibitions and displays, forums and conferences, promotional business talks, achievements release and supporting events.   China will work with all countries and parties to advance inclusive development through openness, promote connectivity and integration through cooperation, foster drivers for development through innovation, and create a better future through shared services, in a bid to jointly get the world economy onto the track of sustained recovery. The country will share the outcomes of the Chinese modernization d...

Chinese customs authorities on Tuesday said they had launched 16 initiatives to optimize the country's business environment. The measures will help stabilize social expectations further and boost confidence in foreign trade, according to a press briefing of the General Administration of Customs (GAC). Efforts have been made to improve the efficiency of cross-border logistics, support the import of advanced technology equipment and special items, promote the import and export of important agricultural and food products, facilitate export tax rebates, enhance the upgrading of trade processing, and optimize the supervision of border trade, according to the GAC. In 2022, it introduced 23 measures to stabilize foreign trade, providing solid support to bring the scale of China's foreign trade to a record high, according to GAC official Wu Haiping. In its next step, the GA...

China-Europe freight train services saw solid growth from January to May this year, with the transport capacity and efficiency continuously rising. The number of China-Europe freight train services increased by 16 percent year-on-year to 7,126 trips in the first five months of the year, according to the China State Railway Group Co, Ltd. Some 774,000 20-foot equivalent units (TEU) of goods were transported via the freight trains during this period, up 31 percent from a year ago, the company said. In May alone, the number of China-Europe freight train trips increased 13 percent year-on-year to 1,515. The trains transported about 165,000 TEU of goods, marking an increase of 29 percent from a year ago. As of the end of May, the freight train services had reached 213 cities in 25 European countries....