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Caixin Global
Caixin Global

Business Brief (July 3): China, U.S. Step Toward Farm Tariff Cuts

China-U.S. agricultural tariffs

Following recent economic and trade consultations, China and the U.S. have set guiding targets to expand two-way agricultural trade and agreed in principle to include relevant agricultural products in a reciprocal tariff-reduction framework, China’s Ministry of Commerce said.

China-Japan flight suspensions

A total of 25 air routes between China and Japan were suspended in June, according to data from a flight tracker. Cancellations of domestic flights to Japan reached 1,488, representing a cancellation rate of 37.5%.

NEWS SUMMARY

The number of newly opened A-share accounts reached 2.9 million in June, jumping 74% year-on-year.

Alipay launched a public beta of its AI version, introducing 72 service features.

China and the EU will hold the second regular meeting of their trade and investment consultation mechanism this fall, according to China’s Ministry of Commerce.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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