Vice-President Dombrovskis at the opening of the High-Level Forum on Global Non-Market Overcapacity
While temporary surpluses are a natural part of business cycles, harmful overcapacity linked to non-market policies, especially on a global scale, distorts markets and undermines economic stability across a range of sectors(…)Make no mistake about it. Global non-market overcapacity is a significant threat.
The top 10 products account for 37% of EU exports to China
Xi Jinping met with Mexican President Claudia Sheinbaum on the sidelines of the G20 Summit in Rio de Janeiro on November 18.
Chinese media highlights Xi Jinping’s comments on China’s compatibility with Mexico.
Under Xi Jinping, China has accumulated nearly half a trillion dollars through its trade surplus with Mexico, with half of that amount coming in the last four years.
The creation of Huaxia International Cruise Line in late 2023, with participation from state-owned companies like COSCO Shipping, has raised concerns among competitors. The company will use the Shanghai International Cruise Port as its main homeport.
The formation of a single umbrella for all state-owned cruise lines can’t help but attract competitors’ attention. In this regard, the VP of Royal Caribbean International believes that:
The rise of this state owned sector in China is motivated by the desire to build a cruise ship in China. We only hope the government will maintain a level playing field…
As usual, fears of China’s overcapacity emerge
the building of 13 cruise ports in China is ‘too many’, for the next 10 years only three first tier ports are needed: Tianjin, Shanghai and Hong Kong
Spain’s trade deficit with China remained significant in September, reaching €3.44 billion, averaging over €100 million daily. From January to September, exports to China fell by 0.7%, while imports declined by 1.3%
The Moroccan state-owned investment fund CDG and Chinese Gotion signed a Memorandum of Understanding on November 13, 2024, to advance the development of a gigafactory in Kenitra valued at $1.3 billion.
The following update was received just before publication.
In October, China’s exports of pure electric cars to the EU dropped nearly 50% by value, while hybrid car exports surged by over 300%. Note that these vehicles have not yet cleared EU customs.