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China’s exports rose 36.3% in September from a year earlier, exceeding forecasts, while imports grew 31%. The data comes as trading partners, including the European Union, pressure Beijing to rebalance trade.
The European Commission confirmed a four-year quota limiting Chinese hybrid vehicle imports to 350,000 units per year, effective December. The measure aims to address surging imports and protect the domestic automotive industry.
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The European Union plans a four-year safeguard limiting hybrid imports tied to China to 350,000 vehicles in the first year. China plans to reduce tariffs on certain goods alongside the measure.
