New car sales in France were down 12.8% last month, compared with September 2017. On the whole, however, market decline is relatively contained. While August saw 43,000 extra new-vehicle registrations in France (+40% compared with the same month last year), the counter-reaction in September was less strong, with only 22,000 registrations less (-12.8% to 149,000 registrations). Source Fleet Europe
China and the Netherlands on Monday pledged to jointly safeguard multilateralism and free trade by carrying out more open and pragmatic cooperation, against the backdrop of a complicated international situation with increasing uncertainties. Source: Xinhuanet
China’s moves to boost liquidity in an effort to safeguard economic growth are eroding the country’s yield premium over the U.S., putting “renewed pressure” on the yuan, according to Citigroup Inc. Source: Bloomberg
China’s monthly trade surplus with the United States rose to a record high of US$34.1 billion in September on the back of an escalating trade war that shows little sign of cooling. The figure, released on Friday by the customs administration, represented a 10 per cent increase from the US$31.05 billion surplus booked for August, suggesting Washington’s tariffs on imports of Chinese products have yet to have the desired effect of narrowing the trade gap between the two countries. Source South China’s Morning Post
