China · Country watch
China-EU Trade Deal, Export Tax Changes
China and the EU reach a trade deal easing tensions, while China adjusts export tax rebates on key products.
The picture Mixed
China's business conditions are mixed today. The China-EU trade deal eases tensions, benefiting automotive and retail sectors, while export tax changes support NEVs and e-cigarettes. However, market volatility persists with CSRC's intervention in the A-share market.
In this briefing Ministry of Finance of the People's Republic of China · State Administration of Taxation · China Securities Regulatory Commission · A-share market · Maros Sefcovic · European Union · China
Regulation
China adjusts export tax rebates on NEVs, e-cigarettes

China's Ministry of Finance and the State Administration of Taxation announced changes to export tax rebate policies affecting new energy vehicles (NEVs) and e-cigarette devices, as reported by ChinaNews.com. The adjustments, effective immediately, aim to streamline the export process and enhance competitiveness in these sectors. The policy change reflects China's ongoing efforts to support key industries and adapt to global market dynamics.
Impact Exporters of NEVs and e-cigarette devices benefit from revised tax rebate policies.
Sources: ChinaNews.com ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
CSRC intervenes to stabilize A-share market after sell-off

The China Securities Regulatory Commission (CSRC) convened a symposium with executives from listed companies and securities experts to stabilize the A-share market following a sharp sell-off in technology shares. The South China Morning Post reports that the sell-off was driven by concerns over US sanctions. The CSRC's intervention aims to restore investor confidence and prevent further market volatility.
Impact Technology firms and investors in the A-share market experience regulatory support to stabilize market conditions.
Sources: South China Morning Post Business ↗
Trade
China-EU trade deal eases tensions with hybrid car quotas
China and the European Union reached a significant trade agreement that imposes strict quotas on Chinese hybrid car exports to the EU and reduces Chinese tariffs on various European goods. The deal, announced on Friday, aims to ease ongoing trade tensions between the two economies. According to the South China Morning Post, the agreement will limit Chinese hybrid car exports to the EU to half or less of the pace currently predicted by the EU. This development comes ahead of a crucial meeting of European leaders later this week.
Impact Automotive exporters to the EU face new quotas, while European goods benefit from reduced tariffs.
Watch European leaders' meeting later this week.
Sources: ChinaMorningPost ↗
Politics
Nothing significant reported today.
Also today in China
- Hong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEO — ChinaMorningPost
- Malaysian PM Anwar’s new budget tackles graft, but critics ask: is it too late? — ChinaMorningPost
- China, EU reach multiple consensus outcomes on auto trade — CGTN Business
- A股午评:超4000只个股飘绿,三大指数集体收跌 — ChinaNews.com
- China details consensus with EU on hybrid, EV trade — CGTN Business
- Nato ‘ready to fight tonight’ if attacked, top commander says — ChinaMorningPost
- Trump’s China-savvy spokeswoman, Hong Kong trail emergencies: 5 weekend reads you missed — ChinaMorningPost
- 2 dead, 10 missing as hurricane and tropical storm hit Mexico — ChinaMorningPost
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Iguazú Falls Closed; Inflation Data Released
- Brazil: Storm Warnings, Oil Price Surge, Itaipu Alert
- Canada: Alberta Separation Vote, Copper Theft Concerns
- Germany: German Labor Minister Resigns, A57 Closed After Crash
- Egypt: Banque Misr's EGP 10bn Deal, El-Sisi's Asian Tour
- Spain: Madrid-Barcelona AVE Disruption, EU Hybrid Car Limits
- France: Lycée Protests Continue, Restaurant Voucher Law Debated
- United Kingdom: UK Travel Firm Liquidates, Train Disruptions
- Indonesia: New Import Tariffs, Lampung Fuel Checks Tighten
- Israel: Kfar Saba Corruption Arrests, Microsoft Job Cuts
- India: Rupee Rebounds, SC Orders Medicine Price Cap
- Iraq: Iraq Investment Law Changes, Oil Price Drop
- Iran: Hormuz Tanker Fire, Dollar Drops, Protests Persist
- Italy: Ex Ilva Strike, Budget Challenges, MPS Tensions
- Japan: Japan's Tax Debate, SaaS M&A Surge
- Kenya: Kenya-Uganda Trade Talks, Ebola Update, Construction Growth
- Lebanon: Lebanon Tax Crackdown, Dollar Surge, Oil at $107
- Morocco: Moroccan Government Formed, Fishing Output Rises
- Mexico: Peso Strengthens, Hurricane Simon Disrupts Ports
- Malaysia: Malaysia Opens Contracts, Kajang Landslide Hits
- Nigeria: Dangote IPO Extended, Nigeria's Debt Woes, Kano School Closures
- Netherlands: Albert Heijn Cyberattack, New Zoo Regulations
- Poland: Gas Prices Surge, Starlink Sabotage Arrests
- Portugal: Japan Lifts Poultry Ban, Douro Rail Disruption
- Russia: Moscow Exchange Surges, Diesel Deal Boosts Markets
- Senegal: Diphtheria Outbreak, Water Cuts in Dakar
- Syria: Syrian Customs Tariff Cuts, Aleppo Fuel Crisis
- Turkey: Turkey Export Growth, Capital Market Probe
- Ukraine: EU Sanctions Russia, Kyiv Power Outages Persist
- United States: ATF Eases Gun Rules, Port of LA Cargo Record
- Vietnam: PM Overhauls Power Plan, Dollar Strengthens
- South Africa: Tongaat Delisting, KZN Heatwave Impacts