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Real-time News
On September 7, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Mexican Foreign Minister Velasco in Beijing. Wang Yi stated that the theme of this years APEC "Year of China" is "Building an Asia-Pacific Community for Common Prosperity." China is willing to take the opportunity of hosting APEC activities to work with all parties to revitalize the Asia-Pacific community and activate the process of the Free Trade Area of the Asia-Pacific. China and Mexico share similar positions on many international and regional issues, and China is willing to strengthen strategic cooperation with Mexico on the international and multilateral stage, safeguard the legitimate interests of both countries, and jointly strive for the unity and self-reliance of the Global South.On September 7th, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the "Notice on Promoting the Standardization of Supplier Payments and Optimization of Payment Terms Management for Automobile Enterprises." This is the first national-level document on payment terms management for the automotive industry and a key measure concerning the construction of the industrial ecosystem. The "Notice" addresses the issue of supplier payments for automobile enterprises in five aspects, including: further standardizing the start date of payment terms, clarifying that payment terms are calculated from the date the supplier delivers goods, works, or services and accepts them; further standardizing acceptance procedures, requiring automobile enterprises to complete the acceptance of general production materials such as parts within 3 working days after receiving goods, works, or services, and to complete the acceptance of functional parts requiring vehicle verification within 5 working days; and further standardizing payment methods, encouraging the use of cash payments and prohibiting the coercion or disguised coercion of suppliers to accept non-cash payment methods such as bank acceptance bills, commercial acceptance bills, and supply chain bills.Ukrainian President Zelensky: Ukraine attacked an oil refinery in Russia’s Yaroslavl region, as well as oil processing facilities in the Perm region and Tatarstan.On September 7th, according to the China Trade Remedy Information Network, on September 1st, the U.S. Department of Commerce issued a notice initiating the fourth sunset review investigation on antidumping duties on polyethylene retail carrier bags imported from China, Malaysia, and Thailand; the third sunset review investigation on antidumping duties on polyethylene retail carrier bags imported from Indonesia, Vietnam, and Taiwan; and the third sunset review investigation on countervailing duties on polyethylene retail carrier bags imported from Vietnam. Simultaneously, the U.S. International Trade Commission (ITC) initiated sunset review investigations on antidumping and countervailing duties to examine whether, within a reasonably foreseeable period, material injury to the U.S. domestic industry caused by the removal of the existing antidumping and countervailing measures would continue or recur. Interested parties should register with the U.S. Department of Commerce within 10 days of this notices publication. Interested parties should submit their responses to the ITC by October 1, 2026, and their comments on the adequacy of their responses to the ITC no later than November 16, 2026.Russian Foreign Minister Lavrov: Russia is unwilling to reach any agreement without a balance of interests.
