EU secures cap on Chinese hybrid vehicle imports

According to Semafor, the EU recently won a cap on Chinese hybrid vehicle imports. The cap limits the quantity of hybrid vehicles China can export to the EU. Analysts argued that the move is part of a broader effort to address the trade imbalance with China. The cap is a new tool in the EU’s trade arsenal.

Semafor also reported that EU leaders are developing a 'backbone' to battle China’s massive trade surplus. An economist wrote in The Wire China that the EU has assembled an impressive collection of trade instruments. A Chatham House expert said that these tools mean little without the wherewithal to use them.

According to the South China Morning Post, US and China negotiators are racing to secure concrete investment deals ahead of a leaders’ meeting in Shenzhen. The negotiators are working on institutional frameworks and economic agreements. Multiple sources told the South China Morning Post that intense negotiations will continue in the coming weeks. Washington and Beijing still face hurdles to finalising a complex package of institutional frameworks and economic agreements.