China

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China’s manufacturing PMI declines in October due to slower growth in new orders from foreign sector

Bankinter | The Manufacturing PMI (RatingDog) declines in October. It stands at 50.6 vs. 51.2 previously and 50.8 estimated. Since August 2025, the Caixin PMI has changed its name to the RatingDog PMI. The universe of companies surveyed by RatingDog (650 companies in total) is more focused on private companies of different sectors and sizes, weighted by their contribution to GDP. The Chinese government’s official PMI focuses on state-owned enterprises…


China EEUU choque 1

US to reduce general tariff on China to 47% in exchange for purchase of US soybeans and suspension of restrictions on rare earths

Bankinter | Trade agreement reached. The United States will reduce its general tariff on China from 57% to 47% based on cutting the tariff on fentanyl precursor products from 20% to 10% in exchange for China’s efforts to curb illegal trade in this substance. China will resume soybean purchases and rare earth exports to the United States. The agreement is valid for one year, although, according to Trump, it could…


China economia

Average spending per traveller during China’s Golden Week 0.55% lower than last year and 3% below pre-pandemic levels.

Intermoney | In the Asian giant, the first figures we saw for Golden Week in early October once again highlight the sluggishness of Chinese domestic demand. It is true that domestic tourist trips reached 888 million, up from 765 million in the same week in 2024, but this was because there was an extra public holiday this year. The key figure for assessing the strength of demand is the average…


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US and China conclude talks in Madrid, establishing framework agreement on ownership of TikTok

Link Securities | According to Bloomberg and Reuters, the US and China concluded talks in Madrid, establishing a framework agreement on the ownership of TikTok. US President Donald Trump said the meeting went well and that he will speak with Chinese President Xi Jinping on Friday. US Treasury Secretary Scott Bessent indicated that the agreement could preserve Chinese characteristics while addressing US national security concerns. The Chinese news agency Xinhua…


EEUU agricultura

US agricultural exports to China fall by over 50% year-on-year in first half of year

Norbolsa | The Chinese ambassador in Washington warned that US protectionism is weakening agricultural cooperation between the two countries and that farmers should not bear the cost of the trade war. In a speech at a soybean industry event, he noted that US agricultural exports to China fell by more than 50% in the first half of 2025, amid cross-tariffs imposed under the Trump administration. He stressed that agriculture, a…


china exportaciones

Trump signs executive order to extend trade truce with China for another 90 days

Link Securities | US President Donald Trump signed an executive order to extend the trade tariff truce with China for another 90 days, as confirmed by Trump himself and the Chinese Ministry of Commerce. With the latest round of negotiations set to expire early Tuesday morning, this pushes the deadline to mid-November, providing crucial relief for seasonal import increases ahead of Christmas. The US will maintain 30% tariffs on Chinese…


China EEUU choque 1

US-China Trade talks conclude with no explicit decision

Link Securities | Trade negotiations between the US and China concluded on Tuesday, with negotiators suggesting that the meeting was productive but without making any major announcements. No explicit decision was taken, nor was a 90-day extension of the deadline for imposing tariffs agreed, which in China’s case is 12 August. In this regard, Treasury Secretary Scott Bessent said that it is an option but that President Trump will make…


China EEUU choque 1

US and China reveal some details of trade agreement, which will implement Geneva consensus

Link Securities | The financial news website CNBC reported that the United States and China confirmed on Friday the details of the trade agreement reached by both parties earlier this month in London, which will implement the Geneva consensus, according to a statement issued by the Chinese Ministry of Commerce. China will review and approve export applications for products subject to export control regulations, while the United States will cancel…


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Pending ratification by China, US to levy 55% tariff on Chinese imports and China 10% on American imports

Bankinter: Principle of a trade agreement between the US and China. Trump announced yesterday an agreement whereby China will supply the US with minerals and rare earths in exchange for allowing its students access to American universities. The US will levy a 55% tariff on imports from China (current 25% + 10% base rate + 20% for fentanyl trade) and China will apply a 10% tariff on US imports. The…


china materias primas

China wants to establish “green channel” for “rare earth” export licence applications for EU companies

Link Securities | As reported by financial portal CNMB, China’s Ministry of Commerce on Saturday declared its readiness to establish a so-called “green channel” for eligible “rare earth” export licence applications to speed up the approval process for European Union (EU) companies. A Commerce Ministry spokesperson said Wang expressed hope that the EU would take reciprocal measures to promote trade in compliant high-tech products with China. The development follows trade…