China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around sharp yuan declines.

China kept its benchmark lending rates unchanged on Friday, despite growing expectations for a cut after the U.S. Federal Reserve’s larger-than-expected interest rate reduction earlier this week.

Chinese banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.

The Philippines did not enter into an agreement with China to pull out its ship from a South China Sea flashpoint, Manila’s top diplomat said Thursday.

The European Commission and China agreed to intensify efforts to avert EU import tariffs on China-built electric vehicles and could re-examine a minimum-price deal previously rejected by the EU, the Commission said on Thursday.

Brussels and Beijing have agreed to take a new look at price undertakings, which could avoid extra tariffs on China-made electric vehicles.

While both sides commit to further talks, European Commission plans to impose duties on Chinese EV imports to counter Beijing car subsidies The top trade officials from the European Union and China failed to reach a deal on ending a bitter dispute over electric vehicles during talks in Brussels on Thursday.