China · Country watch
China's EV Export Challenges, Trade Growth
China's EV makers face export hurdles as foreign trade expands 18.8%.
The picture Mixed
Business conditions in China are mixed today. EV makers face export challenges from new EU and Chinese measures, while foreign trade shows strong growth. This combination of hurdles and opportunities suggests a complex business environment for the week.
In this briefing European Union · China's electric vehicle industry · China · foreign trade · Li Qiang · Canton Fair
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Nothing significant reported today.
Trade
China's EV exports hit by EU quota and VAT rebate cut
China's electric vehicle (EV) industry faces significant challenges as both the European Union and Beijing introduce measures affecting exports. The EU has imposed export quotas, while China has reduced VAT rebates, according to the South China Morning Post Business. These measures, combined with declining domestic sales, have led analysts to revise down earnings forecasts for the sector. The changes could create a critical moment for the country's EV makers, impacting their financial stability.
Impact EV manufacturers face reduced export potential and financial strain due to new EU and Chinese measures.
Sources: South China Morning Post Business ↗
China's foreign trade expands 18.8% in first three quarters
China's foreign trade expanded by 18.8% in the first three quarters of 2026, according to CGTN China. The growth reflects increased global demand for Chinese goods and services. This expansion is seen across various sectors, indicating a robust trade performance. The data highlights China's continued integration into the global market, despite challenges such as geopolitical tensions and economic uncertainties.
Impact Exporters benefit from increased demand for Chinese goods, boosting trade volumes.
Sources: CGTN China ↗
Politics
Premier Li Qiang pledges more high-value imports
Premier Li Qiang announced China's intention to increase imports of high-quality goods, particularly high-value-added products, as part of efforts to balance trade. The announcement was made during the opening ceremony of the autumn session of the Canton Fair, China's largest foreign trade exhibition. The event, which officially opens on Thursday, attracts over 35,000 exhibitors and buyers from around the world, according to ChinaMorningPost.
Impact Importers of high-value goods may see increased opportunities in China as the country seeks to balance trade.
Watch The Canton Fair officially opens on Thursday. · 15 October 2026
Sources: ChinaMorningPost ↗
Also today in China
- 柬埔寨近期流感病例显著上升 卫生部呼吁民众加强防护 — ChinaNews.com
- IMF warns higher borrowing costs are straining public finances worldwide — ChinaMorningPost
- 海关总署:前三季度粤港澳大湾区内地9市进出口8.42万亿元,同比增长24.7% — ChinaNews.com
- China's service exports rise by 14.8% YoY in first eight months — CGTN China
- 进口增速快于出口,中国大市场澎湃全球新机遇 — ChinaNews.com
- 广西在沪推介向海经济投资场景 冀侨界携手拓商机 — ChinaNews.com
- 李强在第140届中国进出口商品交易会开幕式上的主旨演讲(全文) — ChinaNews.com
- Japan farm minister submits resignation in first scandal blow for PM Takaichi — ChinaMorningPost
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Argentina's Country Risk Rises; Caputo Seeks Funds
- Brazil: Lula's MEI Relief, Senate Votes on Workweek, Storm Alert
- Canada: Ottawa Job Losses, Alberta Separation Concerns
- Colombia: Protests Erupt, Pension Reform Delayed
- Germany: Germany Approves Sugar Tax, Fehmarnbelt Tunnel Hacked
- Egypt: Egypt-Djibouti Trade Deal, Amreya Dry Port Opens
- Spain: US Sanctions on Spanish Ships, Inflation Hits 4.9%
- France: IMF Urges France on Debt, Supermarket Cyberattack
- United Kingdom: UK Economy Praised, Scottish Ferries Disrupted
- Indonesia: Rupiah Weakens, Flights Hit by Forest Fire Haze
- Israel: Intel Plant Explosion, Gaza Aid Crisis, Pilat Group Listing
- India: Air India Hijack Scare, LTCG Tax Debate, IDBI Sale
- Iraq: Iraq Waives Food Tariffs, Solar Talks with JICA
- Iran: Iran Eyes Kenya Trade, Central Bank Dismisses Collapse
- Jordan: Irbid-Ajloun Road Expands, King Visits Australia
- Japan: Agriculture Minister Resigns, US-Japan Chip Factory Plan
- Kenya: Fuel Prices Surge, Nursing Mothers Bill Passed
- South Korea: Ulsan Fire Disrupts, KOSPI Falls, New Chief of Staff
- Morocco: Government Formation Advances, MASI Declines
- Mexico: Tax Law Tightens, Ports Close, Healthcare Protests
- Malaysia: Air Quality Worsens; Malaysia-France Trade Advances
- Nigeria: Shell Sells Gas Business, IMF Warns on Fuel Subsidy
- Netherlands: Transport Strikes, Albert Heijn Cyberattack, ASML Demand
- Poland: Constitutional Tribunal Turmoil, Storm Warnings
- Portugal: Lisbon Metro Strike, Portugal's Debt Auction
- Russia: Russia-China Trade Surge, Moscow Stock Rise
- Senegal: Senegal Budget 2027 Priorities, Water Cuts in Dakar
- Syria: Syria's Customs Tariff Changes, Fuel Quality Issues
- Turkey: Istanbul Floods Disrupt Transport, Fund Law Advances
- Ukraine: Starlink Limits, Epicentr K Hub Destroyed, Rail Strikes
- United States: DOJ Eyes California, Inflation Spurs Rate Hike Fears
- Vietnam: UOB Boosts Growth Forecast, Fuel Price Regulation