MNI China Press Digest April 30: Trade, Shanghai, Autos

Highlights from Chinese press reports on Wednesday:

• A recent survey from the China Council for the Promotion of International Trade showed 75% of China’s exporters plan to expand into emerging markets to compensate for declining U.S. sales, Yicai Global reported. Nearly half of the 1,100 firms surveyed said they intended to scale back business with the U.S. due to rising uncertainty caused by shifting tariff policies, CCPIT spokesperson Zhao Ping said.
• Chinese President Xi Jinping has called on Shanghai to accelerate efforts to build a global science and technology innovation hub, state news agency Xinhua reported. During a tour of the city, Xi visited a government-backed artificial intelligence incubator that hosts over 100 companies and an AI product showroom featuring smart glasses, toys and musical instruments.
• Germany welcomes investment by Chinese carmakers and will support joint development of the auto industry, Hildegard Müller, president of the German Automotive Industry Association, told Chinese Commerce Minister Wang Wentao at a recent meeting. Müller said the sector should uphold globalisation and expressed hope for progress in EU-China talks on electric vehicle tariffs, Yicai reported.