GAC Group, a major automobile manufacturer in Guangzhou, the capital of Guangdong province, plans to acquire 50 percent of the equity in FAW Toyota held by China FAW Group through a share issuance, the company said on Thursday.

China and the European Union (EU) have agreed to maintain stable bilateral economic and trade ties and make them more balanced, while scheduling March 2027 for their next meeting under a trade and investment consultation mechanism, according to a joint statement released on Friday.

China's Ministry of Finance (MOF) has pledged to implement a more proactive fiscal policy in a forceful and effective manner, stepping up counter-cyclical adjustment and expanding domestic demand, according to a report on the implementation of China's fiscal policy in the first half of 2026 that was

China opposes trade protectionism under the pretext of so-called "overcapacity" and will respond as necessary if relevant economies adopt measures that harm Chinese interests, a spokesperson for the Ministry of Commerce said on Friday.

U.S. President Donald Trump has officially struck a deal with Russian President Vladimir Putin for Russia to immediately supply diesel fuel to the U.S. and global marketplace, according to a post on Trump’s Truth Social account.

Tokyo stocks ended mixed Friday, as losses in technology shares weighed on the benchmark Nikkei index amid concerns over the outlook for artificial intelligence-related businesses.