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China’s New Record: Over 1M Cars Exported in a Month

China released eye-popping June trade numbers on Tuesday. “A bit insane,” said Brad Setser of the Council of Foreign Relations, on X.  Overall, Chinese exports increased 27% year-on-year to $412.4 billion. Imports expanded even more, by 36% year-on-year, to $286.8 billion.  Chinese officials attributed the spike to the new artificial intelligence economy. “With the rapid growth of…

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The Future of EU-China Trade

As European Union leaders gathered in Beijing Thursday, one of their demands for China was a more equal trading relationship. “China is the EU’s most important trading partner,” said EU Commission President Ursula von der Leyen. “But there are clear imbalances and differences that we must address.” Europe’s weak consumer economy is doing its part…

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