On December 9, the Australian government announced that Australian exports of barley to China had started up again after the removal of Chinese anti-dumping/countervailing duties following the resolution of a WTO dispute.

This past week, CTM covered the following issues.  International relations: * The 24th China-EU Summit * Chinese-Angolan Investment Agreement * China-South Korea trade ministers meeting * Italy withdraws from BRI In China: * Services trade data  * SPS notices in November In the U.S.: * New proposed rules on EV tax credits * House Committee on China

The 24th EU-China summit took place on December 7 in Beijing. Charles Michel (President of the European Council) and Ursula von der Leyen (President of the European Commission), accompanied by High Representative Josep Borrell, met with Chinese President Xi Jinping and Premier Li Qiang at two separate sessions.

Last Friday, the Biden administration proposed new rules that offer guidance on how tax credits for the sale of electric vehicles will apply when the batteries and the materials that power them are made in China and other "foreign entities of concern."

Today, top officials of the Chinese and Angolan governments signed an Investment Agreement in Beijing.

After many months of hints that it would do so, Italy has now told China that it plans to withdraw from the Belt and Road Initiative (BRI).

Data from China's Ministry of Commerce (MOFCOM) shows that over the first ten months of 2023, services trade totaled 5.34 trillion yuan (about US$750 billion), with imports growing nearly a quarter, thanks to the recovery of travel services. Meanwhile, Beijing is trying to expand digital services