AGP Executive Report
Last update: 10 hours agoEconomic Outlook: China’s economy grew 4.5% year on year in the third quarter, beating forecasts as exports and industrial production strengthened. But weak domestic demand remains a challenge. Export Controls: Beijing will require permits for exports of certain tunnel-boring machines and drone-related items from Nov. 18, citing national security and non-proliferation. It has also proposed curbs on some AI, chip and solar technologies. China-Philippines Tensions: Manila’s Senate is weighing a resolution condemning Chinese Ambassador Jing Quan after he said China could easily defeat the Philippines by force; lawmakers have also floated declaring him persona non grata. Financial Policy: Central bank Governor Pan Gongsheng said authorities will introduce measures to support market liquidity and deepen bond-market links. The PBOC is also studying a shift to an overnight rate as its main policy benchmark. Business: Accenture is reviewing a possible sale of its Greater China operations, reportedly valued at up to US$1.5 billion, amid tighter security rules and investor scrutiny.
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