China, U.S. to Establish Trade Council
The U.S. and China have agreed to establish a trade council to discuss cooperative measures, including reciprocal tariff reductions, a Chinese commerce ministry spokesperson said. The economic and trade teams of both countries will hold further consultations under this framework.
Alibaba Sues U.S. Department of Defense
Alibaba is suing the U.S. Department of Defense, demanding removal from a list of Chinese military companies.
China Sets Renewable Energy Targets for 2030
China’s National Development and Reform Commission and the National Energy Administration have issued the 15th Five-Year Plan for a new-energy system, aiming to establish a clean, low-carbon, safe and efficient framework by 2030. The plan sets key targets for non-fossil energy consumption, wind and solar capacity and non-fossil power generation, striving for renewables to account for 30% of total power generation by 2030.
Apple Hikes Prices
Apple has announced global price increases, driven by AI data centers that are pushing up chip costs. Prices for several flagship Mac and iPad models have risen by hundreds of dollars, while iPhone prices remain unchanged for now.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
