China in Focus: The Bloomberg Open, Asia Edition
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Good morning. China’s trade practices are slammed by the G-7. Xi Jinping’s EV dream comes true. And we have a lot of sports news for you.
Chinese trade practices were criticized by the G-7, which threatened escalation, after the US reimposed tariffs on hundreds of goods. Beijing may start a dumping probe into EU pork. Janet Yellen said China and India must resolve issues before the US signs a pending global tax pact.
China asked South Korea to maintain stable supply chains as the countries began their first three-way summit with Japan since 2019. Premier Li Qiang told Yoon Suk Yeol in Seoul that both sides should avoid turning economic issues into political ones, and Beijing welcomes firms including Samsung to expand investment, Xinhua reported.