Global Economy News
LAST UPDATE: July 23, 2025
China, EU discussed trade cooperation, issues ahead of summit
China’s commerce minister and the EU’s trade commissioner held in-depth talks via video conference on trade cooperation, rare earths, Chinese bank sanctions, and the war in Ukraine ahead of their summit.
Insight
These discussions reflect a strategic EU approach balancing trade engagement with geopolitical concerns, showing increasing European assertiveness in its relationship with China.
China says wants to ‘strengthen cooperation’ at trade talks with US
China stated it wants to “strengthen cooperation” and reduce misunderstandings with the US during upcoming trade talks in Stockholm, emphasizing the importance of dialogue.
Insight
Beijing’s conciliatory tone signals intent to stabilize relations with Washington amid tariff tensions and global economic pressures.
Trump Says He Could Meet Soon With China Leader Xi Jinping
President Trump indicated he could soon meet with Chinese President Xi Jinping, following an invitation from Xi and ongoing trade truce discussions.
Insight
A potential summit could provide diplomatic momentum and signal improved trade negotiations ahead of critical tariff deadlines.
Central banks told to prepare for climate shock to labour market
A report by the London School of Economics advised central banks to prepare for climate-related labor disruptions, especially in heat-vulnerable sectors such as agriculture and construction.
Insight
This signals a shift in monetary policy thinking, urging central banks to incorporate broader economic shocks, not just inflation, into their models.
