AGP Executive Report
Last update: 11 hours agoSouth China Sea Tensions: The Philippines rejected China’s claim of joint naval-air combat drills near Bajo de Masinloc/Scarborough Shoal, saying its own monitoring found Chinese presence but no such drills—calling it propaganda to bolster maritime claims. Diplomatic Pushback: Manila also said it will keep defending its baselines and rights under UNCLOS and the 2016 arbitral ruling, despite China’s new rules around Huangyan Dao. Philippines Corporate Shake-up: Holcim is exiting the Philippines, agreeing to sell its local cement business to China’s Huaxin in a deal worth about $807m, with the majority stake transfer expected to close in 2027. EV Market Reality Check: The IEA says China’s stalling car market is masking a record global EV surge, with sales rebounding in many regions even as China demand cools. Monetary Policy Watch: China’s central bank signaled a moderately loose policy stance for H2, aiming to support credit and technology finance. AI in the Spotlight: Alibaba unveiled Qwen3.8-Max as the latest open-weight AI model push, while separate reporting highlights how AI content is flooding China’s short-drama market and hurting hit rates. Trade Friction: China condemned new US forced-labor blacklist additions, calling them economic coercion and warning of supply-chain disruption.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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