PRE-MARKET CHINESE STOCKS NEWS: US is expected to delay announcing new tariffs related to allegations of excess manufacturing capacity among trading partners until at least after Trump-Xi summit

China Resources Power (836 HK) - Co. August electricity sales volume rose 2.9% Y/Y to 22.628mln MWh, including wind farm sales which rose 17.3% Y/Y to 3.970mln MWh and photovoltaic power station sales which rose 26.4% Y/Y to 1.832mln MWh. (AAStocks)

XtalPi (2228 HK) - Co.'s wholly owned subsidiary LCC Technologies entered a disease-agnostic drug discovery collaboration with Stanford University to evaluate biological insights for potential development into small-molecule therapies using LCC's AI-driven PACE platform. (Newswires)

Pharmaceuticals

China's MIIT, NDRC and eight other government ministries and agencies jointly issued the pharmaceutical industry's 15th Five-Year Plan. (Newswires)

Payments

PBoC Deputy Governor met with PayPal's (PYPL) Allen on Tuesday to discuss global financial markets, payment systems and PayPal's expansion in China. (Newswires)

Trade

US is expected to delay announcing new tariffs related to allegations of excess manufacturing capacity among trading partners until at least after next week's planned summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter. (Newswires)

China's MOFCOM said Chinese and US trade teams remain in close contact over negotiations on mutual tariff reductions covering USD 30bln and said updates will be released when appropriate. (Newswires)

China's MOFCOM expressed concern over a "Europe First" provision in the European Commission's draft public procurement law, urging the EU to comply with WTO rules, maintain open markets and amend provisions it described as discriminatory towards third-country companies. (Newswires)

China's Commerce Minister Wang held a video call with EU Trade Commissioner Sefcovic to discuss China-EU economic and trade issues, while the European Commission said Sefcovic will meet his Chinese counterpart on October 8th-9th. (Newswires)

Germany's Vice Chancellor Klingbeil urged the EU to rapidly introduce tariffs on Chinese hybrid vehicles and sought clarification on local production requirements, according to Handelsblatt. (Newswires)