AGP Executive Report
Last update: 11 hours agoUS–China Trade Reset: China’s Ministry of Commerce says the latest economic talks delivered tariff cuts “in principle,” plus a plan to set up trade and investment councils and tackle some non-tariff barriers, including US concerns on dairy/aquatic “automatic detention” and China’s push on beef and poultry access. Retail Pulse (HK): March retail sales rose 12.8% year-on-year (value), with online up 35.1%—but fuel sales fell 14.2%. Japan Safety Tech: Japan’s “Monster Wolf” animatronic bear deterrent maker says it can’t build fast enough as bear attacks hit 13 human deaths this year. India Consumer & Imports: India moved certain silver imports to “restricted” and cut into gems/jewellery exports (April down 9.07%), while Nestlé says KitKat is now its biggest global market—India. Semis & Industrial Scale-Up: ASML and Tata Electronics signed to equip India’s first commercial chip fab in Dholera (targeting 50,000 wafers/month). Energy Pressure: With Strait of Hormuz risks back in focus, Moody’s expects oil importers like India and China to negotiate passage bilaterally rather than see a full reopening soon.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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