
China, US hold consultations on reciprocal tariff reduction framework
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Headline News — China, US hold consultations on reciprocal tariff reduction framework. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Now the news. I'm Shane Beggum. China and the United States are holding consultations on a $30 billion US dollar reciprocal tariff reduction framework. The Chinese Commerce Ministry says the two countries' economic and trade teams are implementing the consensus reached by the two heads of state at their meeting in Beijing. A ministry spokesperson says the teams are working to finalize the framework and put it into effect as soon as possible. Foreign travel to China continued to rise through the first eight months of the year. Visitors made over 61 million trips from January through August. Up 19.5 percent, more than 23.7 million of the entry it's remade visa-free. China steadily eased visa rules to allow longer stays and wider travel for international visitors, as part of efforts to facilitate cross-border exchanges and boost in bound tourism. China and over 40 international partners have established an alliance to fight cross-border telecom and cyber fraud. On Thursday representatives from the partner countries established the alliance during
its inaugural conference in Li'en Yungang, China. Four international organizations, including the UN and Interpol, also participated. Initiated by the Chinese government, the Alliance aims to promote cooperation among law enforcement agencies and the fight against fraud and other crimes. China's new energy vehicle sector continued to strengthen its leading position in the auto market in August. According to the China Association of Automanufactures, NIV production exceeded 1.6 million units last month, up nearly 19 percent. Sales increased by a similar number, recording a gain of nearly 18 percent. New energy vehicles accounted for a record at 60.6 percent of total new car sales. China's auto exports also remained strong, reaching more than a million vehicles in August up 65.3 percent. New energy vehicle exports are 230 percent to 526,000 units. New energy vehicles have accounted for more than half of China's total auto exports for three months, meaning roughly one in every two cars exported is now a new energy vehicle. Industry officials say the figures show China's auto exports are increasingly driven by electric
vehicle technology. Authorities have confirmed 16 deaths after a rain triggered landslide struck Suituan County in Jiangxi Province. Days of torrential rain have caused a series of disasters in the county. Days of Wednesday afternoon, over 18,000 residents have evacuated homes in the affected areas. China's national climate center is providing Nepal with climate monitoring and forecasting services to support rescue and relief efforts following the severe mudslide along the border of the two countries. The China Meteorological Administration says the center activated an emergency response and is using China's AI-powered Masu weather warning system to deliver customized climate information to Nepal. The service includes regular monitoring of temperature, rainfall, and drought conditions, as well as forecasts for up to 60 days. The center is also providing outlooks on major climate patterns, including El Nino. Since August 28th, China supplied Nepal with rolling 15-30-day climate outlooks to assist post-disaster rescue and relief operations. A glacier collapsed heard the disaster on August 26, causing a massive ice rock avalanche
and debris flow. The climate support is part of a broader meteorological cooperation between China and Nepal following the disaster. At least five people have died and 87 remain missing. After a vessel caught fire on Wednesday off the waters of a tourist hotspot in Paloan province of the Philippines. The fire broke out on Wednesday evening aboard the vessel, which was carrying 117 passengers and 17 crew members. The local Coast Guard said 42 people were rescued. Search and rescue operations are ongoing. The United States and Iran have traded the biggest wave of attacks on shipping since the six-month-old conflict began. Iran's tight-and-disk control over the street of Hormuz amid renewed fighting, extending its maritime restricted zone. Meanwhile, Iran says it's captured an unmanned U.S. military submersible at the entrance to the street of Hormuz. Military analysts say this could hand Tehran a diplomatic win in a chance to study American military technology. The World Health Organization warns that as resources to help the Democratic Republic of the Congo combat the Ebola outbreak are overstretched and underfunded.
The WHO says it needs 5,000 extra-health workers on top of the more than 4,000 already overwhelmed personnel. It also hopes to secure 3,000 more beds for Ebola patients. The UN says its 2.1 billion dollar humanitarian response plan is only half-funded. DRC's outbreak of the Boone de Boussio strain of Ebola has killed over 3,200 people and infected more than 6,000. There's no approved vaccine or treatment, though several potential treatments are being tested. The Food Program is also stepping in to provide food aid for those in need. And that's the news. I'm Shane Beckham.
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