Brief

China's Commerce Minister Wang Wentao is scheduled to visit Brussels on June 29-30 for discussions with EU trade chief Maros Sefcovic. The visit aims to address escalating trade tensions between China and the European Union, particularly concerning China's overcapacity in manufacturing. The EU is considering adopting a more assertive stance on China policy, which could involve increased use of safeguard measures and support for a new instrument to counter overcapacity. AI

Pakistani Prime Minister Shehbaz Sharif attended an investment conference in Hangzhou, China, witnessing the signing of several economic and trade agreements. He emphasized the need to convert previous Memoranda of Understanding into formal agreements and expressed a desire to enhance cooperation in agriculture and other key sectors. The visit also marks the 75th anniversary of diplomatic ties between Pakistan and China, with both nations aiming to upgrade their relationship. AI