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September trade, prices and credit data; Li Qiang at the Canton Fair; EU-China
When some people discuss China’s trade today, they often see only import and export figures and overlook the real effects behind them. China is both a “super seller” and a “super buyer.” As a “super seller,” the effect we bring to other parties is primarily that of benefiting our neighbors. - Li Qiang today at the Canton Fair In this issue: 1. September trade data 2. Li Qiang at the Canton Fair 3. September price data 4. September credit data 5. EU-China

Guidelines for developing new quality productive forces; EU-China trade talks; Combating auto involution; Food safety crackdown
In this issue: 1. Guidelines for developing new quality productive forces 2. Outcomes from EU-China trade talks 3. Improving new car design safety and quality 4. Cracking down on food safety violations The Feed: Business, Economy and Trade - Politics and Law - Foreign and Defense Affairs - Hong Kong - Taiwan - Tech and Media - Society, Arts, Sports, Culture and History - Energy, Environment, Science and Health Today’s top items:

EU-China talks; PBoC on RMB; Measures for protecting the rights and interests of gig workers; Holiday spending; AI safety
The People’s Bank of China on Thursday published a statement of its policy position on the Renminbi. It is a defense of the existing policy and a rebuttal to pressure for RMB appreciation, and nicely timed for the trade discussions with the EU. It directly criticizes the use of IMF assessments to justify demands for RMB appreciation. So much for Merz et al’s fantasy of something like a new Plaza Accord… Securities Times says the trigger was growing talk in international opinion that links the currency to global trade imbalances.

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