China's car sales extend decline in November

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.

In the current frenzy of China's IPO market, only 0.02% of stock bids are being awarded, making it increasingly difficult for investors to secure shares in new listings. This situation reflects a significant shift in market dynamics, where demand far exceeds supply, leaving many investors frustrated and disillusioned.

Mexico has enacted tariffs of up to 50% on Chinese goods, a move that has sparked significant backlash from Beijing. This decision comes as lawmakers target countries with which Mexico lacks trade agreements, specifically focusing on China amidst ongoing trade tensions.

China's Communist Party leadership has expressed concern over declining investment levels, pledging to stabilize this crucial driver of economic growth. This acknowledgment comes amid ongoing economic challenges, including disappointing earnings and a contracting manufacturing sector.

Emma Walmsley, CEO of GSK, has stated that the United States is the premier destination for pharmaceutical investment, citing its leadership in drug and vaccine launches. This assertion places additional pressure on the UK government to enhance its appeal to drug companies.

China, along with several European nations, has raised objections to a proposed exemption for US multinationals from the OECD's global minimum tax framework, effectively stalling the agreement. This move highlights the tensions surrounding international tax policies and the influence of major economies in shaping these regulations.

China’s oil demand is projected to plateau between 2025 and 2030, according to research from CNPC, indicating a significant shift in the country's energy consumption patterns. This plateauing demand reflects broader economic trends and potential changes in energy strategies as China navigates its future energy landscape.

Chinese officials have announced a commitment to prioritize domestic demand in their economic policy roadmap for 2026, signaling a shift in focus towards internal consumption. This decision comes as part of broader efforts to stabilize and sustain economic growth in the country.