EU trade envoy Maros Sefcovic began talks in Beijing to address the bloc's unsustainable trade deficit with China, calling for improved market access and economic security. The EU faces a daily trade gap of roughly €1 billion with China, attributed to unfair practices like state subsidies and price dumping, while remaining vulnerable to Chinese leverage over rare earth minerals and export markets.
S&P Global Ratings predicts China's real estate market will bottom out in Q3 2028, with prices in major cities like Beijing and Shanghai recovering as soon as next year, driven by new government policies including mortgage subsidies and restrictions on unfinished property sales. Supply reduction and corporate deleveraging efforts are stabilizing the market after a yearslong slump that has seen residential prices fall 22% since their 2021 peak.
Chinese tech firm Huawei is refocusing on smartphones with homegrown chips after U.S. sanctions devastated its consumer business, which halved to $34 billion in 2021. The company launched its Mate 90 series in October using its LogicFolding chip and aims to expand overseas, though its electric vehicle business—which generated $6.7 billion in 2025—faces headwinds as China's auto market slumps and Huawei-powered vehicle deliveries declined 29% year-over-year in September.
Beijing Wildlife Park launched a bug bounty contest from September 28 to October 7, inviting visitors to collect invasive fall webworm caterpillars for prizes including park tickets. Participants caught an estimated 120,000 larvae weighing 18.5 kilograms total, with the pest posing a threat to over 300 plant species across the city.