The Communist Party of China (CPC) Central Committee Political Bureau meeting on Wednesday analyzed and studied the current economic situation and made arrangements for economic work in the second half of this year, Xinhua News Agency reported.

In light of the increasingly uncertain external market, the imperative to foster intra-regional markets, particularly through the China-ASEAN Free Trade Area, ASEAN Plus Three countries, and RCEP frameworks, has become more pressing than ever.

In 2024, the added value of China's "three new" economy - encompassing new industries, new business formats, and new business models - expanded by 6.7 percent year-on-year, calculated at current prices. This growth rate surpassed the overall GDP increase at current prices by 2.5 percentage points, as reported by the National Bureau of Statistics (NBS) on Thursday. Amid China's ongoing efforts to further open its economy to the world, the expansion of these cutting-edge sectors heralds new opportunities for the global economy.

Europe is setting its sights on gigawatt factories in a bid to bolster its artificial intelligence (AI) industry and meet the challenges of a rapidly changing sector, CNBC reported on Tuesday. Buzz around the concept of factories that "industrialize manufacturing AI" has gained ground in recent months, and it is believed that this could bring more opportunities for international cooperation around the AI industry, including between China and the EU.

While US withdrawal raises questions about the future of international climate cooperation, it is crucial to recognize that as the urgency of climate change will not diminish, the multilateral efforts to combat climate change will persist.

The US Treasury Department said in a statement on Monday that it now estimates $1.01 trillion in net borrowing for the third quarter, up sharply from the $554 billion it had penciled in back in April, Bloomberg reported on Tuesday. This adds to the worsening fiscal health of the US and is widely viewed by analysts as a negative signal, as it risks a supply shock for the market.

South Korea's offer of a multibillion-dollar shipbuilding investment package in the US, dubbed "Make American Shipbuilding Great Again" (MASGA), has attracted attention in the global shipbuilding industry.

While the US-EU trade agreement may have averted an immediate transatlantic trade war, European automakers remain under significant pressure as tariff costs continue to undermine their competitiveness.

The State Taxation Administration reported on Monday a 186 percent year-on-year increase in tourists claiming tax refunds in China during the first half of this year. This trend underscores the growing global attraction of Chinese products and services.

By relying on its strong manufacturing foundation and rich application scenarios, China is efficiently converting the technological potential of AI into real productivity improvements and economic growth momentum.

Southeast Asia's energy landscape is undergoing a transition toward new energy, with China playing a pivotal role in advancing green development through sustainable solutions. One key example of this trend is the Monsoon Wind Power Project in Laos.

As the world's two largest economies, China and the US have both benefited greatly from bilateral economic and trade cooperation. While two-way trade and investment bring tangible benefits to businesses and consumers in both countries, the unilateral US tariffs and trade restrictions have significant negative impacts. Given the mutual advantages of their relationship, it is in Washington's interest to adopt a more rational approach in pursuing its trade policy toward China.

China's second quarter 2025 GDP growth of 5.2 percent, 5.3 percent for the first half-year as a whole, exceeded the expectations in much of the Western media, given international economic turbulence.

While some countries remain ensnared in the myth of technological hegemony, attempting to preserve their advantages through blockades and exclusive rules, China is actively fostering efforts to bridge the digital divide with an open and cooperative approach, injecting certainty into global artificial intelligence (AI) governance.

Chinese investment in Europe is continuously evolving. A recent example was contained in a report by Bloomberg on Wednesday, stating that Chinese entities, previously focused on investing in European infrastructure, are shifting their attention to building their own factories. This, along with other data, indicates a trend: Chinese investment in Europe is moving up the value chain.

With major American automakers releasing their earnings this week and next, a critical question emerges: Do the tariff barriers erected in the name of "protecting domestic industries" truly serve as a "shield" for these sectors, or do they instead exacerbate imbalances in the industrial chain and undermine corporate competitiveness?

China's robust biotech innovation is drawing increased investment from multinational pharmaceutical companies. A recent example highlighted by the Financial Times (FT) on Tuesday shows that AstraZeneca, Pfizer and other multinational drug companies have spent a record amount on medicines developed by Chinese biotech firms this year. The FT claims this underscores "how Big Pharma is increasingly reliant on China even as the country faces US tariffs."

Market attention has increasingly focused on whether the Federal Reserve can maintain its independence amid mounting pressures, a situation that reflects the challenges facing the US economy, particularly in light of its tariff policy.

In his remarks to the ministerial segment of the high-level political forum on sustainable development on Monday, UN Secretary-General Antonio Guterres emphasized the need to reform the unfair global financial system, which no longer represents today's world or the challenges faced by developing countries, according to a release on the website of the UN.

During the 14th Five-Year Plan (2021-25) period, China's photovoltaic (PV) industry has shifted its focus from merely exporting products to exporting advanced technologies and high-quality capital, news site stcn.com reported on Monday. This evolution marks a strategic maturation of these companies in their approach to global markets.

The RoboCup 2025 in Brazil, held from Thursday to Monday, witnessed a historic moment as two Chinese teams secured the top two positions in the humanoid category, China's first-ever victory in this category in the RoboCup, chinanews.com.cn reported on Monday.

Amid the continued improvement of bilateral relations, the recent proposal by an Indian government's think tank to ease rules that require extra scrutiny for investments by Chinese companies has sent a positive signal. Nevertheless, the advancement of economic cooperation between China and India necessitates sustained, long-term, and pragmatic efforts.

In the rapidly evolving world of artificial intelligence (AI), South China's Guangxi Zhuang Autonomous Region has taken a noteworthy step by launching the AI "super league," which is set to run until November, as reported by the Xinhua News Agency on Sunday. Particularly intriguing is the introduction of a mechanism that allows for cross-border teams, a move expected to enhance China's international collaboration in AI, especially with ASEAN countries.

China's economy expanded by 5.3 percent year-on-year in the first half of 2025, with second-quarter growth hitting 5.2 percent. This growth rate was even better than some optimistic forecasts by Chinese economists, which underscores the strong resilience of Chinese economy amid global trade and economic volatilities.

China's official scorecard for the first half of 2025 defied the forecasters. Western commentators had anticipated that challenges in the property market would bring down the entire economy. Instead, China's first half 2025 growth reached 5.3 percent amid global challenges, while the US, EU and Japan all estimated to grow at less than 2 percent.

Despite challenges like US-China relations and tariffs, American companies remain committed to pursuing opportunities in China, an annual survey by the US-China Business Council showed on Wednesday. The findings highlight the irreplaceable strategic value of the Chinese market to foreign businesses.

The value of Chinese companies' new investment and construction contracts in Belt and Road Initiative (BRI) partner countries has hit a record high this year, the Financial Times reported on Thursday, citing a study by Australia's Griffith University and the Green Finance & Development Center in Beijing. The growth observed this year highlights the enduring vitality and potential of the BRI, which is increasingly serving as a catalyst in enhancing the local industrial ecosystem, particularly in the green industry sector.

As various parts of the globe contend with heat waves, ensuring a stable power supply has emerged as a critical issue for some regions. In this context, a report published on Tuesday by the climate think tank Ember has shifted attention to an unexpected area: China's trade-in program for air conditioners.

Global merchandise trade posted strong growth in the first quarter of 2025, but the pace of expansion is expected to slow later in the year as fully stocked inventories and increased tariffs begin to weigh on import demand, the World Trade Organization (WTO) said on Tuesday, according to the Xinhua News Agency.

Germany's ambivalence on “security” in its China cooperation is misguided. In today's interconnected supply chains, real security comes not from barriers, but from deeper cooperation.

Several consumer electronics supply chain companies have recently made their debuts on the Hong Kong stock market or announced IPO plans there, reflecting their broader global development strategies, the Securities Times reported on Tuesday. This trend offers an intriguing perspective on the beneficial interactions between China's supply chains and the global market.

As China's technology sector steadily climbs up in the global value chain, a powerful force is increasingly fueling this progress: patient capital. Shenzhen, a front-runner in China's innovation ecosystem, is demonstrating how long-term, risk-tolerant investment is enabling the steady growth of cutting-edge tech industries and innovative start-up ecosystems.

Despite the complex global trade landscape, China's advantages, coupled with its proactive efforts to attract foreign investment, continue to play a significant role in building a more predictable environment for foreign businesses.

The 7th China Grain Trading Conference, held from Saturday to Monday in Shenyang, Northeast China's Liaoning Province, offered a practical look into China's ongoing progress in integrating technological innovation into its grain industry. This event highlighted the nation's unwavering efforts to modernize its agricultural sector through various means, including enhancing efficiency and productivity via innovation.

By strengthening connectivity, fostering innovation, and upholding open markets, Hong Kong will continue to enhance its contributions to regional cooperation, shaping a more resilient and interconnected Asia.

There's keen interest in the market regarding whether Nvidia CEO Jensen Huang will make another trip to China next week to attend the CISCE. In April, Huang made his second trip to China within three months, during which he emphasized that China is a very important market for Nvidia and expressed the company's willingness to continue cooperation with China.

Albanese's itinerary clearly indicates Australia's intention to deepen economic and trade cooperation with China, which brings renewed optimism for the future of China-Australia relations.

Hong Kong's capital market is experiencing a surge in IPOs, driven by renewed investor enthusiasm for Chinese mainland tech companies, a development that is cementing the city's position as a global financial hub.

China's ongoing progress in renewable energy development, as highlighted by the recent Global Energy Monitor report, demonstrates its active role in the global energy transition. However, this transition is not something that can be achieved by one country alone. It requires a collective effort from all nations, especially developed countries, to reduce trade barriers, fulfill their commitments, and create an environment that supports international green cooperation.

With global AI governance at a critical juncture, this commitment underscores China's sense of responsibility as a leader in AI development and is also essential for building a more equitable and reasonable international order to address the complex challenges posed by emerging technologies.

White House trade advisor Peter Navarro harshly criticized Apple in an interview with CNBC on Monday, claiming that the company is not moving production out of China fast enough. Despite increased pressure by Washington in recent months, CNBC noted that analysts and supply chain experts have argued it would be impossible for Apple to completely move iPhone production to the US.

A series of heat waves has swept across the world, drawing increased attention to the challenge of meeting the rising demand for electricity during high temperatures. In this context, taking a closer look at the development of China's power system might offer valuable insights for the global economy in addressing this challenge.

From policy restrictions to a myriad of trade barriers, South Korea's industrial development is increasingly influenced by Washington's "America First" strategy, which prioritizes its national interests above all else. The persistent emergence of these risks is sounding an alarm, highlighting the vulnerabilities in South Korea's reliance on the US market while also underscoring the need for the Asian nation to reflect on its industrial development strategy.

With the 2026 FIFA World Cup nearly a year away, Yiwu, dubbed the "world's supermarket," has already begun to rev up its commercial machinery. The World Cup-related merchandise provided by Yiwu serves as a testament to its expertise and the products' positive impact on the global economy.

A partnership between Chinese and Brazilian companies in shipping and infrastructure is poised to create new opportunities for both nations while exemplifying how countries in the Global South can establish complementary collaborations that enhance the stability and growth of the global trade system.

China's economic performance in the first half of the year can be gauged from three key aspects: export resilience amid external challenges, policy-driven investment and consumption, and domestic economic dynamism.

In the current global climate of rising protectionism, China has steadfastly adhered to the WTO-centered multilateral trade system while continuously advancing unilateral opening-up in an orderly way. This approach aligns with China's development goals and contributes much-needed stability and predictability to the global economic recovery and the governance reform.

While the rise of e-commerce is a challenge shared by the global retail industry, succumbing to anxiety and resorting to trade protectionism is clearly misguided. What may appear as protection for domestic industries has negative consequences.

This year, the volume of China-Europe (Central Asia) freight trains passing through the Horgos port has further increased. Despite some Western politicians' penchant for attacking Xinjiang with unfounded accusations, the facts demonstrate that Xinjiang is becoming an increasingly vital trade nexus.

In the first five months of 2025, China's software and information technology services industry experienced a revenue increase, reaching 5.5788 trillion yuan ($778.2 billion), a year-on-year rise of 11.2 percent, CCTV.com reported, citing data from the Ministry of Industry and Information Technology.

At a time when the global economic governance system is facing challenges from increasing unilateralism, China's proactive engagement in the reform of the World Trade Organization (WTO) demonstrates its steadfast commitment to multilateralism.

In an indication that tariffs are starting to hit American consumers, Reuters reported on Monday that prices for goods made in China and sold on Amazon.com have been rising faster than overall inflation. This insight comes from a study by the analytics firm DataWeave, which examined the prices of 1,400 different products. For those questioning whether tariffs could influence inflation, this study offers yet another piece of evidence.

The Asian Development Bank (ADB) was trying "very hard" to accommodate the concerns of the US over lending to China, including by slashing loans to it, ADB President Masato Kanda said, according to an AFP report on Monday.

Some Australian officials, who have often voiced dissatisfaction with China's cooperation with Pacific Island countries, seem to have found a new topic for complaint. However, this only highlights their excessive focus on geopolitical influence, which is misguided for regional development.

The 2025 Global Digital Economy Conference (GDEC), set to kick off this Wednes-day in Beijing, is shaping up to be an event with an international flavor. This comes as no surprise, considering China's open stance in the global digital economy. The na-tion's efforts to enhance international cooperation in this area have not only spurred its own digital economic growth but also injected a sustained impetus into the global economic landscape.

Americans will soon be celebrating the Fourth of July, or the Independence Day, with fireworks, but those fireworks may be more costly and harder to come by this year, as a result of US tariffs, US National Public Radio (NPR) reported on Saturday. Although the fireworks industry is not extensive in scale, it exemplifies, to some extent, the wider ramifications of the tariffs on the US economy.

As China keeps ramping up the renewable energy transition, a landmark "clean energy highway" project has begun operations. The project is the first UHV transmission line primarily designed to promote clean energy use in China. It holds profound implications not only for China's energy transition but also for the global renewable energy sector.

As the global economic order undergoes profound transformation, the multi-polar world system is being reshaped. In this context, China is fortifying its economic resilience through enhanced multilateral cooperation and a major shift toward domestic demand-driven growth.

In the face of external trade protectionism, Asia's efforts to promote free trade are expected to bolster the region's economic resilience and potential. This could offer valuable insights and serve as a positive influence for the global economy.

As the world shifts toward cleaner energy, China has become a key player in global renewable energy. Its robust hydropower sector, bolstered by strategic investment and innovation, is a positive asset that enhances both its domestic energy mix and global renewable energy efforts.

The growing awareness within the European business community about the significance of Chinese investment is a reminder that Europe needs to adopt a more pragmatic approach to Chinese investment as a key to overcoming its economic challenges.

US Federal Reserve Board Chair Jerome Powell told lawmakers on Tuesday that recent economic data would have likely justified continuing to lower interest rates if not for concerns that higher tariffs might derail the central bank's years-long fight to defeat inflation, the Wall Street Journal (WSJ) reported. These comments underscore the delicate balance the central bank must maintain in its battle against inflation, now further complicated by the unpredictable ramifications of US trade policies.

At a time when nations are grappling with rising protectionism and trade tensions, the necessity and urgency of upholding the rules-based framework of the WTO and safeguarding its international authority have reached unprecedented levels.

The US state of New York plans to build an advanced nuclear plant with the ability to produce at least 1 gigawatt of power, which would be one of the first new US reactors in a generation, Reuters reported on Monday, citing Governor Kathy Hochul. Currently, there appears to be a renewed interest in nuclear energy development in the US, although some analysts believe that achieving the government's nuclear energy ambitions could prove challenging.

Since its establishment, the Asian Infrastructure Investment Bank (AIIB) has faced skepticism and political interference from some Western countries. Yet, over the past decade, it has become a successful model of international cooperation. Despite ongoing interference, the AIIB remains committed to openness, inclusiveness and win-win cooperation, actively addressing challenges and continuously growing and expanding.

At a time when the global economy and trade are facing mounting uncertainties, the recent US move to inflame tensions in the Middle East seems to be steering the world economy toward an even more precarious situation. Whether through its protectionist policies or military actions against Iran, the US has emerged as the biggest source of uncertainty that has repeatedly plunged the global economy into turmoil.

A freight train loaded with maternal and infant products, cosmetics, and medical supplies departed Duisburg, Germany on Saturday, marking the launch of the return leg of the ASEAN Express service, the Xinhua News Agency reported.

South China's Guangxi Zhuang Autonomous Region has announced new measures aimed at promoting high-quality, innovative development in both services trade and digital trade, including initiatives such as building a China-ASEAN cross-border e-commerce livestreaming base.

In light of the increasing uncertainty surrounding the external trade environment faced by Asian economies, the urgency of enhancing regional economic cooperation to unleash the potential of internal demand is becoming increasingly prominent.

While some Western media outlets seek to divert international attention from unilateral US protectionist practices related to China by hyping the “China shock” narrative, it is crystal clear as to who is truly disrupting global trade and who is upholding free trade.

In Shenzhen, the pioneering city in South China that has adopted the "one order, one bag" model for departure tax refunds, continuous enhancements are improving the shopping experience for overseas visitors. A report published by Shenzhen Fabu, the city's official WeChat account, on Wednesday revealed a 37-percent surge in non-cash payment transactions among overseas visitors in the city. This surge underscores Shenzhen's potential and momentum in attracting overseas visitors and boosting inbound consumption, serving as a compelling case study for observing China's growth in this sector.

While the English Premier League, La Liga, and other top leagues are renowned worldwide, a grassroots league in East China's Jiangsu Province that kicked off just a month ago has captured the hearts of millions, evolving into a sensational cultural and sporting phenomenon. The league's rapid rise is a result of the deep convergence of the vitality of local economies and the sports spirit of friendly competition among cities.

The 2025 Lujiazui Forum, scheduled for Wednesday and Thursday, will highlight China's expanding influence in the global financial landscape. According to the Shanghai Municipal Bureau of Finance, this year's forum will include eight sessions centered around the theme - "financial opening-up and cooperation for high-quality development in a changing global economy." As uncertainties in the global economy grow, China's expanding financial opening-up is increasingly viewed as a stabilizing force in global finance.

As the world braces for uncertainties, global capital flows confirm that international investors' confidence in Hong Kong's financial market is further strengthening. Hong Kong is poised to play an even more significant role in safeguarding national financial security and fostering financial innovation.

China and the Central Asian countries have made significant progress in expanding their cooperation under the Belt and Road Initiative (BRI), achieving tangible results primarily in trade, investment, infrastructure development, and energy. Thanks to large-scale joint projects, the region has become an important link in the Eurasian logistics system, while Chinese investments have actively contributed to the modernization of Central Asia's economies.

The inaugural meeting of the China-Malaysia joint laboratory on oils and fats processing and safety, under the Belt and Road Initiative (BRI), was held recently, the Science and Technology Daily reported on Sunday. This first-of-its-kind laboratory between China and Malaysia within the BRI framework is expected to bolster the palm oil trade and enhance broader industrial cooperation between the two countries.

South Korea's export growth in the Southeast Asian market may represent an endeavor toward trade diversification. This trend may hold significant importance for expanding the Asian market.

In recent times, some American politicians and media outlets have deliberately exaggerated the US' trade deficit with China, claiming that the US suffers losses in international trade. These narratives attempt to justify Washington's efforts to escalate economic and trade tensions with China. This distorted "loss narrative" not only fails to address the structural problems of the US economy but also serves as a prominent disruption in current China-US trade relations. Breaking free from this zero-sum mindset is key to understanding the mutually beneficial nature of China-US trade and promoting stable, healthy, and sustainable bilateral economic cooperation.

Amid concerns over the uncertainty of US policies, calls for improving relations with China seem to be gaining traction in Canada. To make meaningful progress, Canada needs to set aside ideological biases and embrace a pragmatic approach to the development of bilateral ties.

The recent uptick in the performance of A-share and Hong Kong-listed biotech stocks, particularly those related to innovative drugs, mirrors the trend toward a faster internationalization of China's pharmaceutical sector. As reported by the Securities Times, the biotech sector in China's A-share market rose on Thursday afternoon, with the concept of innovative drugs attracting fresh interest. In the Hong Kong stock market, several stocks rose, including Sino Biopharmaceutical.

In the bustling heart of China's export powerhouse, Yiwu, located in East China's Zhejiang Province, a campaign to expand imports is underway. According to a report released by Yiwu Fabu, the city's official social media account, on Wednesday, the Yiwu Bonded Logistics Centre achieved imports of 6.907 billion yuan ($961.2 million) from January to May, a 49.2-percent year-on-year increase. Notably, imports for May alone reached 2.48 billion yuan, up 149.7 percent, setting a new record.

BRI science and technology cooperation is committed to enabling developing countries to keep pace with the global scientific and technological revolution and ensuring the fairness and accessibility of industrial transformation.

Brazil's plan to sell its first sovereign debt in the Chinese market is an important step for Brazil in expanding its financing channels and strengthening financial cooperation with China, as well as a clear indication of the growing appeal of the yuan as an international currency.

The European auto industry is rapidly transitioning toward electrification. On the one hand, European carmakers are facing stricter emissions targets; on the other hand, there is a growing acceptance of EVs among European consumers. These factors present opportunities for the growth of the EV industry. A key issue for Europe is how to seize this opportunity to further expand the EV market.

Australia's potential pivot toward expanding free-trade agreements reflects a broader global trend, fueled by increasing awareness among nations of the destabilizing risks posed by US trade protectionism.

In recent days, some US officials and media outlets have consistently raised concerns about the rare-earth issue. These claims by US media outlets are clearly an attempt to sway public opinion, deliberately stirring up confusion ahead of China-US trade talks. However, only through mutual respect can the US find answers to the rare-earth issue.

Considering the public's welfare, it becomes essential for the US to further lower its tariffs imposed on Chinese imports. Doing so would allow American families to access high-quality imported goods at more affordable prices.

By further optimizing innovation transformation processes and fostering an open innovation ecosystem, the Yangtze River Delta is well-positioned to strengthen its efforts in building world-class industrial clusters, playing an increasingly central role in global economic and technological competition.

The US economy stands at a critical crossroads between growth and recession. The trajectory will largely hinge on the ability of policymakers to address a myriad of pressing challenges, including inflationary pressures, labor market dynamics, and tariffs.

Foreign healthcare providers are increasingly viewing medical tourism as a promising growth frontier in China, as the world's second-largest economy deepens its high-level opening-up and accelerates the development of its services trade sector - reshaping the landscape of its healthcare industry, particularly in international medical tourism.

In recent remarks about China, US Treasury Secretary Scott Bessent's comments have been summarized by some media outlets as suggesting that China has a "choice" on whether or not to be a "reliable partner." This comes at a time when the US has initiated a tariff storm, causing significant disruptions to the global economy, while China continues to expand its high-level openness and actively support multilateralism. Against this backdrop, the question of who qualifies as a reliable partner to the rest of the world - and who should make more effort and has a "choice" toward that end - appears to have an obvious answer.

In a move that highlights Shenzhen's dual focus on sci-tech innovation and high-level opening-up, the city's Commerce Bureau and Development and Reform Commission have jointly released the Implementation Plan for Promoting High-Quality Development of Service Trade and Digital Trade, according to an official post published Wednesday on the "Shenzhen Release" WeChat account. The plan sets an ambitious goal: by 2030, digitally deliverable services will make up more than 50 percent of Shenzhen's total services trade volume.

In a recent BBC article titled "How electric scooters are driving China's salt battery push," the spotlight was cast on the burgeoning role of electric scooters in advancing China's battery technology, specifically through the development of sodium-ion batteries. While the focus on electric scooters provides a fascinating glimpse into the sector, it does not fully represent China's battery industry, as the application scenarios for sodium-ion batteries are not limited to electric scooters.

In the face of the US tariffs on auto imports, the latest sales results from South Korean automakers have drawn significant attention, shedding light on the remarkable resilience of the Asian vehicle industrial chain.

The US plan to double tariffs on imported steel and aluminum from 25 percent to 50 percent starting from Wednesday has raised significant concerns and opposition, highlighting the risks of trade tensions stemming from unilateral protectionism.

In recent years, Hungary has become increasingly attractive to automakers and automotive supply chain companies amid its enhanced cooperation with Chinese EV firms. According to Business Korea, Solus Advanced Materials operates the sole copper foil production plant in Europe, located in Hungary.

Editor's Note: The global economy faces profound shifts as rising unilateralism challenges the multilateral trade order. How should countries respond to these challenges? What is China's role in safeguarding the multilateral trading system? In an exclusive interview with the Global Times (GT), Nan Li Collins (Li), senior director of the Division on Investment and Enterprise at UN Trade and Development (UNCTAD) and chair of the UN Sustainable Stock Exchanges Initiative, shared his views.

Since the start of the year, the US has introduced a series of unilateral measures, rekindling global trade tensions. In particular, the so-called "reciprocal tariff" policy has posed a grave threat to the stability of global supply chains and the global economy. As the global economy is facing multiple challenges such as geopolitical risks, the resurgence of protectionism, and supply chain restructuring, stable, open, and mutually beneficial cross-regional cooperation is particularly valuable.

There is an acknowledgment within the European EV supply chain that cooperation with China is not only vital for reviving the European battery industry but also offers opportunities to capitalize on the complementary strengths of both industries.

The US tariffs already implemented have placed a heavy burden on the US economy. The imposition of a 25-percent tariff on imported vehicles, initiated in April 2025, aims to revitalize America's domestic auto industry, but industry experts warn that these tariffs could disrupt the global automotive supply chain and have negative impacts on auto manufacturing in the US.