Biz Today China Plus

OPEC+ has agreed to extend over 60 percent of its oil output cuts well into next year. Why is this extension needed(00:43)?
Congestion at Singapore port has escalated, leading to significant shipping delays and price surges. What does it mean for global supply chains (15:43)?

The International Monetary Fund expects China’s economy to grow 5% this year, raising its forecast from the previous 4.6%. The IMF credits this revision to China’s strong economic performance in the first quarter and a raft of new policy measures. What are the main drivers for China’s economy right now (00:40)?
China has set up its third investment fund to boost its chip industry. What will be the focal areas of the third phase of the Big Fund for its investment (16:33)?

China has announced historic steps to stabilize its property sector, including removing mortgage rate floors and lowering the minimum down payment ratios. What do these measures mean for China’s property sector? How has the market responded (00:40)?
Microsoft has announced its new products with a heavy focus on artificial intelligence. Meanwhile, the European Union has approved new landmark rules regarding artificial intelligence. How could companies balance safety and the pace of technology advancement in AI (20:04)?

US President Joe Biden has announced higher tariffs on Chinese goods. The increases apply to about 18 billion US dollars of imports from China, including electric vehicles, semiconductors and solar cells. China says the US decision to impose additional tariffs on Chinese imports is politicizing trade and economic issues. Will the US tariff hikes increase costs for US consumers? To what extent will it damage global industrial and supply chains (00:38)?
The OECD has recently given its updated forecast on global economic growth, which it expects to hit 3.1 % this year. What’s the current state of global economy (12:39)?

During President Xi Jinping's visit to France, China and France issued joint statements on strengthening cooperation and coordination in multiple areas. The two sides have signed 18 cooperation agreements between government agencies in aviation, AI governance, people-to-people exchanges, green development, and agricultural cooperation. Following the visit to France, President Xi Jinping also pays state visits to Serbia and Hungary. So, what message does President Xi’s trip to Europe send? What’s the impact of his visit on boosting economic cooperation between China and Europe?

The 2024 Beijing International Automotive Exhibition has been held with electric and hybrid vehicles taking center stage. Featuring nearly 280 new energy models, the event impressed visitors with advanced technologies and affordable options. What are the show’s highlights, how can automakers maintain competitiveness moving forward?
Tesla CEO Elon Musk is hundreds of billions of dollars richer after receiving encouraging news during his latest China trip. The company's locally produced EVs passed the country's data security test, and the US automaker secured a deal to use maps from China’s search giant Baidu. How will these developments pave the way for Tesla’s Full Self-Driving rollout in China?