China cuts US Treasury holdings to 18-year low; warns EU on trade approach
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China's hybrid car exports to the EU tripled year-on-year in September, reaching nearly 100,000 units, as exporters front-run an import cap agreed in recent trade talks. The surge outpaces overall passenger car export growth, indicating a strategic shift toward hybrids to maximize shipments before restrictions take effect. The cap's implementation timeline and scope remain uncertain, but the data signals a near-term trade flow spike with potential market implications for European automakers.
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