Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.
1. As trade deficit mounts, is EU offering China what it wants to buy?
Facing an ever-increasing trade deficit with China, Europe has limited options to balance the situation in the short term even though it still holds an edge in key sectors including pharmaceuticals, machinery and components, analysts said.
2. China FM Wang Yi reaffirms Beijing’s backing for Venezuela as US pressure grows
China extended its support to Venezuela and opposed “unilateral bullying” in a foreign ministers’ phone call on Wednesday amid rising US pressure on the South American country.
3. China’s youth-unemployment rate eases to 16.9% as graduates settle for less

China’s youth-unemployment rate ticked lower in November, though competition remains fierce for university graduates trying to find work that matches their qualifications.

