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Time:2026-07-08T09:20:32Z

Chinese companies push for fair treatment in the Netherlands as foreign firms praise China's five-year plan. Alibaba sees its best trading day in 10 months, signaling a potential catch-up for Chinese tech stocks. China warns about AI risks tied to Anthropic's Claude Code, while U.S. lawmakers investigate growing adoption of Chinese AI models in American companies. OPEC+ countries agree to modest production increases amid sliding prices, but oil markets surge after U.S. strikes on Iran threaten supply stability. Democrats unveil 'Project 2029' targeting the annoyance economy—robocalls, hidden fees, and customer service frustrations.

Chinese firms seek fair EU treatment as tech stocks rally

Chinese firms seek fair EU treatment as tech stocks rallyChina's Ministry of Commerce has called for a fair and transparent business environment for Chinese companies operating in the Netherlands. A Norwegian company publicly praised China's five-year plan as offering valuable lessons for global economic development. Meanwhile, Alibaba posted its best single-day performance in 10 months, raising expectations that Chinese tech stocks may be poised for a broader recovery.

US-China AI rivalry intensifies on both sides

US-China AI rivalry intensifies on both sidesChina has issued warnings about the national security risks posed by Anthropic's AI coding tool Claude Code. Simultaneously, U.S. lawmakers are investigating the increasing use of Chinese AI models within American companies, citing data security and espionage concerns. Forbes argues that a Chinese AI blockade is imminent, deepening the technological decoupling between the two superpowers.

Democrats unveil 'Project 2029' to dismantle annoyance economy

Democrats unveil 'Project 2029' to dismantle annoyance economyDemocrats are building their own governing blueprint, called 'Project 2029', with a key proposal targeting the 'annoyance economy'—robocalls, endless hold times, hidden fees, and other everyday consumer frustrations. NPR features the initiative in its ongoing exploration of global economic ideas. The plan echoes the scale of the earlier Project 2025 but with a focus on consumer protection and regulatory reform.

OPEC+ expands output as US-Iran strikes send oil prices surging

OPEC+ expands output as US-Iran strikes send oil prices surgingSeven OPEC+ countries agreed to a modest expansion in monthly oil production as global prices continued to slide. However, crude prices reversed course and jumped sharply after the United States launched military strikes on Iran and revoked its oil sale license. The renewed Gulf hostilities put shipping recovery at significant risk, with the NYT reporting fresh instability in one of the world's most critical energy transit corridors.