The Economic Information Agency reported on the 14th that stock markets in Shanghai and Shenzhen collectively opened lower this morning. The SSE Composite Index opened 0.27% lower at 3,790.63 points, falling below the 3,800 level; the Shenzhen Component Index opened 0.36% lower, while the ChiNext Index opened 0.52% lower. Early in the session, media and entertainment, as well as nonferrous metals sectors, led the declines.
According to Bloomberg, Valdis Dombrovskis, the European Union's Commissioner for Economic Affairs, said on Tuesday (13th) that the EU's agreement to restrict Chinese hybrid vehicle imports is only the first step, as the trade imbalance issue extends far beyond the automotive sector. He stated that the EU needs to continue advancing this work across various other areas. While he did not disclose which sector might be targeted next or when further agreements might be reached, he emphasized that the scope should be quite broad and stressed the need for swift action.
On the same day, 'Yuyuan Tan Tian,' a new media platform under China Central Television (CCTV), published an article signaling that if the EU introduces additional trade restrictions, China is ready to take action. The article also refuted claims that the recently reached agreement would reduce Chinese hybrid vehicle exports to Europe by more than half, pointing out that such calculations compare the agreement terms with projected export volumes, rather than using the 2025 baseline employed during over 30 rounds of negotiations between China and the EU.
Additionally, on the 13th, Chinese Vice Premier Ding Xie Xiang met in Beijing with representatives of the Advisory Board of Tsinghua University's School of Economics and Management, exchanging views on artificial intelligence (AI) development and governance. Advisory Board Chairman and Apple (US:AAPL) Board Executive Chairman Tim Cook praised China's achievements in AI and other fields, expressing willingness to deepen their presence in China, expand cooperation, and better serve as a bridge. However, AI-related and Apple概念股 declined in early trading alongside the broader market.
The People's Bank of China conducted a 7-day reverse repo operation worth 56 billion yuan today. There were no reverse repos maturing in the open market today, resulting in a net injection of 56 billion yuan. (wn)
According to Bloomberg, Valdis Dombrovskis, the European Union's Commissioner for Economic Affairs, said on Tuesday (13th) that the EU's agreement to restrict Chinese hybrid vehicle imports is only the first step, as the trade imbalance issue extends far beyond the automotive sector. He stated that the EU needs to continue advancing this work across various other areas. While he did not disclose which sector might be targeted next or when further agreements might be reached, he emphasized that the scope should be quite broad and stressed the need for swift action.
On the same day, 'Yuyuan Tan Tian,' a new media platform under China Central Television (CCTV), published an article signaling that if the EU introduces additional trade restrictions, China is ready to take action. The article also refuted claims that the recently reached agreement would reduce Chinese hybrid vehicle exports to Europe by more than half, pointing out that such calculations compare the agreement terms with projected export volumes, rather than using the 2025 baseline employed during over 30 rounds of negotiations between China and the EU.
Additionally, on the 13th, Chinese Vice Premier Ding Xie Xiang met in Beijing with representatives of the Advisory Board of Tsinghua University's School of Economics and Management, exchanging views on artificial intelligence (AI) development and governance. Advisory Board Chairman and Apple (US:AAPL) Board Executive Chairman Tim Cook praised China's achievements in AI and other fields, expressing willingness to deepen their presence in China, expand cooperation, and better serve as a bridge. However, AI-related and Apple概念股 declined in early trading alongside the broader market.
The People's Bank of China conducted a 7-day reverse repo operation worth 56 billion yuan today. There were no reverse repos maturing in the open market today, resulting in a net injection of 56 billion yuan. (wn)
