AGP Executive Report
Last update: an hour agoAuto Trade: China and the EU agreed to cap Chinese hybrid imports at 350,000 vehicles a year from December, a move expected to more than halve shipments. The deal comes as China’s car exports jumped 61% in September while domestic sales fell 26%; Beijing will also cut export tax rebates for new-energy vehicles from April 2027. Taiwan Tensions: Beijing imposed sanctions and entry bans on the foreign ministers of Paraguay and Belize over their ties with Taiwan. Belize rejected the measures and said they would not change its policy. Technology: Researchers from Tsinghua University and the Beijing Academy of Quantum Information Sciences reported a nuclear optical clock using a thorium transition, in a precision-timing breakthrough published alongside a Vienna team’s work. Separately, CrowdStrike said a person likely based in China used AI tools in attacks on South Korean financial organizations; the firm has not attributed the activity to a named group. Diplomacy: China held strategic talks with France and Vietnam, while Wang Yi met Russian presidential aide Nikolai Patrushev in Beijing.
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