A Chinese Foreign Ministry official confirmed that the railway service that carries cross-border goods has resumed between North Korea and China, a move likely to boost bilateral trade, which had been slowed by COVID measures in border cities.

Last week, China and Ecuador announced an agreement to restructure Ecuador's $4.4 billion in outstanding debt, and also advanced trade talks and said they hoped to reach a trade deal by December.

The Chinese foreign minister and his GCC counterparts met this week, with the two sides agreeing to "reach [] common ground" on a trade agreement "at an early date."

A spokesperson for China's Ministry of Commerce has raised concerns about the discrimination against foreign products that is part of the electric vehicle tax credits in the U.S. Inflation Reduction Act (IRA).

China's trade agency recently announced the launch of an expiry review on countervailing measures imposed on potato starch from the European Union (EU).

During their meeting last week, members of the Shanghai Cooperation Organization (SCO) vowed to increase cooperation in trade, investment and currency settlement.

During a recent visit to South Korea, a top Chinese legislator reiterated his hope for strengthening the bilateral relationship, especially in high-tech and supply chains.  So far the rhetoric on both sides has been positive, but whether anything concrete will materialize remains to be seen as South Korea is under