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Real-time News
On September 17, Minister of Commerce Wang Wentao held a video conference with European Commissioner for Trade and Economic Security Šefčovič at the latters request to discuss China-EU economic and trade issues.September 17th - According to the China Passenger Car Association (CPCA), September marks the start of the traditional peak season for car sales, known as "Golden September and Silver October," with terminal customer traffic expected to continue its recovery. The trade-in program and local subsidies, continuing at their current pace, will provide support for the "Golden September" sales. However, consumer expectations and fundamentals have not fundamentally improved, and coupled with the long-term volatility and rise in oil prices, the actual market performance is unlikely to replicate the stellar performance of previous "Golden September" years. The latest survey results show that leading manufacturers, accounting for over 70% of total market sales, have retail targets for this month that are less than 10% higher than the previous month, weaker than the usual seasonal performance at the end of the quarter. Manufacturers market expectations have returned to rationality, and their willingness to boost sales is lower than in previous years. Overall, the retail market size for passenger cars in September is estimated at approximately 1.69 million units, a 9.7% increase month-on-month. However, given the extremely high base of 2.241 million units in the same period last year, the year-on-year decline is expected to further widen to 24.6%. By energy type, new energy vehicles are expected to reach approximately 1.11 million units, with a retail penetration rate of 65.7%, driven by both new car deliveries and the expectation of boosting sales at the end of the quarter.Norwegian gas transportation management company Gassco has significantly increased its forecast for planned gas supply disruptions on September 18-19 from 18 million cubic meters to 55.1 million cubic meters.On September 17, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Luhut Binsar Pandjaitan, Chairman of the National Economic Council of Indonesia, in Beijing. Wang Yi stated that China-Indonesia cooperation not only has a solid foundation but is also showing new prospects. The two countries should strengthen the alignment of their development strategies and promote the transformation and upgrading of cooperation. China is willing to expand cooperation in emerging fields such as artificial intelligence, biopharmaceuticals, and information technology on the basis of traditional cooperation in energy and mining, infrastructure, and industrial parks, and strengthen educational exchanges and talent cultivation. President Prabowo Subiantos decision to allow Indonesia to join the World Artificial Intelligence Cooperation Organization was a wise choice, and China is willing to work with Indonesia to promote the positive, inclusive development of artificial intelligence. China is willing to help Indonesia improve its independent development capabilities and accelerate its modernization process, and also hopes that Indonesia will create a favorable environment and provide strong policy support for the long-term and stable development of Chinese enterprises in Indonesia. He hoped that the National Economic Council of Indonesia, under President Prabowos leadership, would continue to make new contributions to bilateral relations, especially mutually beneficial cooperation.On September 17th, according to Shanghai Customs statistics, Shanghais total import and export volume reached 3.44 trillion yuan in the first eight months of this year, a year-on-year increase of 17.1%. In August, despite the adverse effects of two typhoons, Shanghais foreign trade continued the growth momentum of the first seven months, with imports and exports increasing by 13.1%, exports by 16.1%, and imports by 10.5%. In the first eight months, Shanghais imports and exports with ASEAN reached 546.2 billion yuan, an increase of 30.6%. ASEAN has remained Shanghais largest trading partner for four consecutive months since May, with imports to Vietnam and Singapore increasing by 78.3% and 31.4% respectively. Imports and exports with South Korea increased by 64.3%, with exports increasing by 1.3 times. In August alone, Shanghais imports from Africa increased by 21.8%, with the zero-tariff policy continuing to benefit the region. During the same period, exports to the United States increased by 13.2%, maintaining a growth trend since April. Looking at key commodities, in the first eight months, the total imports and exports of five AI-related products—integrated circuits, servers, memory, hard drives, and semiconductor manufacturing equipment—increased by 90.7%, accounting for 24.9% of Shanghais total import and export value during the same period. During the same period, exports of the "new three items" increased by 78.2%.
