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Contrary to the European Commission’s stance, major European automotive leaders have openly criticised the tariffs. Ola Kallenius, CEO of Mercedes-Benz, has argued for reducing tariffs and increased competition to produce better vehicles. BMW CEO Oliver Zipse has suggested tariffs will harm European competitiveness.
Australia's Prime Minister Anthony Albanese and Chinese Premier Li Qiang met on Monday in the first visit to the country by a Chinese premier in seven years, with trade ties, regional security and a jailed Australian writer on the host's agenda.
Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence.
China's retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists.
Prime Minister Anthony Albanese has said he and Chinese Premier Li Qiang discussed improving military-to-military communications to avoid future incidents involving their armed forces in their wide-ranging meeting on Monday.
The Economist has a good story on the rise of Chinese science. In terms of “high-impact” (i.e. highly cited) publications, China has soared past the US and Europe:
China’s recent economic data presents a mixed, yet promising, picture of its ongoing and evolving economic recovery.
China on Monday threatened to impose tariffs on pork imports from Europe, in what appeared to be retaliation for the European Union’s decision last week to impose preliminary tariffs on electric cars imported from China.