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China

China denounces Europe probe of EVs as ‘naked protectionist’ act

September 14, 2023
China denounces europe probe of evs as 'naked protectionist' act - photo licensed by shore news network.

BEIJING (Reuters) -A European Commission investigation into Chinese electric vehicles believed to have benefited from state subsidies will have a “negative” impact on economic and …

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It’s a bit rich of the EU to ding China over EV subsidies: Maguire

September 14, 2023September 14, 2023

By Gavin Maguire LITTLETON, Colorado (Reuters) -EU Commission chief Ursula von der Leyen announced an anti-subsidy probe into Chinese electric vehicles (EV) on Wednesday, and …

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Moody’s cuts China property sector’s outlook to negative

September 14, 2023September 14, 2023
Moody's cuts china property sector's outlook to negative - photo licensed by shore news network.

(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen …

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Taiwan blasts Elon Musk over latest China comments

September 14, 2023
Taiwan blasts elon musk over latest china comments - photo licensed by shore news network.

TAIPEI (Reuters) – Taiwan is “not for sale”, the island’s foreign minister said in a stern rebuke to Elon Musk who asserted Taiwan was an …

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China, Venezuela sign agreements on economy, trade, tourism

September 13, 2023September 13, 2023
China, venezuela sign agreements on economy, trade, tourism - photo licensed by shore news network.

BEIJING (Reuters) -Chinese President Xi Jinping and Venezuelan counterpart Nicolas Maduro have signed bilateral cooperation agreements in areas such as economy, trade and tourism, state …

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Western firms shift investment from China to India as worries mount

September 13, 2023September 13, 2023
Western firms shift investment from china to india as worries mount - photo licensed by shore news network.

By Joe Cash BEIJING (Reuters) – U.S. and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group …

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Peak China gloom or geopolitical quagmire?: Mike Dolan

September 13, 2023September 13, 2023

By Mike Dolan LONDON (Reuters) -Whether China has become “uninvestable” or not, avoidance of the world’s second-largest economy suggests the economic and political risks there …

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ABB CEO says no plans to scale back China investments

September 13, 2023
Abb ceo says no plans to scale back china investments - photo licensed by shore news network.

ZURICH (Reuters) – ABB is still confident about the Chinese market despite a weaker than expected post-COVID recovery and does not plan to scale back …

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US says Hanoi ties upgrade is not a ‘cold war’ move against China

September 13, 2023September 12, 2023
Us says hanoi ties upgrade is not a 'cold war' move against china - photo licensed by shore news network.

HANOI (Reuters) – The United States’ move to upgrade relation with Hanoi is not a Cold War move against China, a U.S. National Security Council …

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US Commerce head to meet with CEOs after China trip -sources

September 12, 2023September 12, 2023
Us commerce head to meet with ceos after china trip -sources - photo licensed by shore news network.

By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo expected to meet with the chief executives of major American companies this week, two …

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China says its economy is ‘resilient’, rejects Western concerns

September 12, 2023September 12, 2023
China says its economy is 'resilient', rejects western concerns - photo licensed by shore news network.

BEIJING (Reuters) – China’s economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims from the West that its …

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China publishes backstory of US ‘spy’ jailed for life

September 12, 2023September 12, 2023
China publishes backstory of us 'spy' jailed for life - photo licensed by shore news network.

By Martin Quin Pollard and Bernard Orr BEIJING (Reuters) – China’s top spy agency published new details this week about a U.S. citizen jailed for …

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Marketmind: China developers catch break, BOJ hawks take flight

September 12, 2023
Marketmind: china developers catch break, boj hawks take flight - photo licensed by shore news network.

A look at the day ahead in European and global markets from Kevin Buckland Chinese property stocks and Japanese government bonds put on a two-ring …

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China economic woes could raise Taiwan risks, says US House committee chair

September 11, 2023September 11, 2023
China economic woes could raise taiwan risks, says us house committee chair - photo licensed by shore news network.

By Michael Martina WASHINGTON (Reuters) – China’s economic slowdown could increase the risk of Beijing taking military action toward Taiwan, the Republican chair of a …

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Western sanctions to sustain surge in China auto exports to Russia-CAAM

September 11, 2023September 11, 2023
Western sanctions to sustain surge in china auto exports to russia-caam - photo licensed by shore news network.

BEIJING (Reuters) – Western sanctions against Russia are boosting demand for China-made cars, and this surge could continue as long as these sanctions remain in …

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China relaxes rules for insurers to invest in stock markets

September 10, 2023
China relaxes rules for insurers to invest in stock markets - photo licensed by shore news network.

BEIJING (Reuters) – China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech stocks, encouraging …

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South China small businesses start to count cost of record rains

September 9, 2023September 9, 2023
South china small businesses start to count cost of record rains - photo licensed by shore news network.

By Nicoco Chan DONGGUAN, China (Reuters) – Shop owners in a town in China’s southern manufacturing heartland tried to clean up the mess and started …

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In cat and mouse game, Philippines resupplies troops in South China Sea atoll

September 9, 2023September 9, 2023
In cat and mouse game, philippines resupplies troops in south china sea atoll - photo licensed by shore news network.

By Jay Ereno SOUTH CHINA SEA (Reuters) – The Philippines has completed a supply mission for troops stationed in a rusty World War Two-era ship, …

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It is for China to explain Xi’s absence from G20 summit, US official says

September 9, 2023
It is for china to explain xi's absence from g20 summit, us official says - photo licensed by shore news network.

By Nandita Bose NEW DELHI (Reuters) – Only China can explain the reason for the absence of President Xi Jinping from the annual G20 summit …

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China Evergrande delays decision on offshore debt restructuring to October

September 8, 2023
China evergrande delays decision on offshore debt restructuring to october - photo licensed by shore news network.

(Reuters) -Embattled property developer China Evergrande Group said on Friday it has delayed making a decision on offshore debt restructuring from September to next month. …

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Norway’s wealth fund to close China office

September 7, 2023

By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office …

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Backlash in China against draft law banning items that harm ‘national spirit’

September 7, 2023
Backlash in china against draft law banning items that harm 'national spirit' - photo licensed by shore news network.

By Martin Quin Pollard BEIJING (Reuters) – Proposed changes to a Chinese public security law to criminalise comments, clothing or symbols that “undermine the spirit” …

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Policymakers see darker days ahead in China as growth sputters

September 6, 2023
Policymakers see darker days ahead in china as growth sputters - photo licensed by shore news network.

By Divya Chowdhury MUMBAI (Reuters) -Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an …

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Marketmind: Brittle markets brace for China trade blues

September 6, 2023September 6, 2023
Marketmind: brittle markets brace for china trade blues - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set to …

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Pentagon expects to release its annual China report in mid-October

September 6, 2023
Pentagon expects to release its annual china report in mid-october - photo licensed by shore news network.

WASHINGTON (Reuters) – The Pentagon expects to release its closely-watched annual report on China’s military modernization and defense strategy in mid-October, although the timing could …

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China July-Aug economic losses from disasters double from first six months

September 6, 2023September 6, 2023
China july-aug economic losses from disasters double from first six months - photo licensed by shore news network.

By Ethan Wang and Ryan Woo BEIJING (Reuters) – China’s direct economic losses from natural disasters in July to August ballooned to 75.37 billion yuan …

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BMW CEO calls on China to expand hydrogen network

September 6, 2023
Bmw ceo calls on china to expand hydrogen network - photo licensed by shore news network.

MUNICH (Reuters) – BMW Chief Executive Oliver Zipse, in a speech on Wednesday, called on China to expand its hydrogen network in urban areas and …

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US commerce secretary doesn’t expect changes to Trump China tariffs until review complete

September 5, 2023
Us commerce secretary doesn't expect changes to trump china tariffs until review complete - photo licensed by shore news network.

By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday she does not expect any revisions to U.S. tariffs on China …

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Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says

September 5, 2023September 5, 2023
Lower growth in china not affecting commodity prices 'that much,' brazil's campos neto says - photo licensed by shore news network.

BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices …

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Marketmind: China optimism dissipates after weak data

September 5, 2023September 5, 2023
Marketmind: china optimism dissipates after weak data - photo licensed by shore news network.

A look at the day ahead in European and global markets from Ankur Banerjee Investor sentiment on China remains fragile, with Monday’s wave of optimism …

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Renault CEO: China very competitive on electric vehicles, Europe needs to catch up

September 4, 2023September 4, 2023
Renault ceo: china very competitive on electric vehicles, europe needs to catch up - photo licensed by shore news network.

PARIS (Reuters) – Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the electric vehicle market, as …

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Tesla China extends delivery time for Model Y Long Range to 6-8 weeks

September 4, 2023September 4, 2023
Tesla china extends delivery time for model y long range to 6-8 weeks - photo licensed by shore news network.

BEIJING (Reuters) – Tesla China has extended delivery time for its Model Y Long Range to between six and eight weeks, according to its website …

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The US And China Are Ratcheting Up A Tug- Of- War For Influence Over Little-Known Islands In The Pacific

September 3, 2023
The us and china are ratcheting up a tug- of- war for influence over little-known islands in the pacific - photo licensed by shore news network.

The US And China Are Ratcheting Up A Tug- Of- War For Influence Over Little-Known Islands In The Pacific Micaela Burrow on September 2, 2023 …

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BMW expects higher China sales in 2023, finance chief says

September 2, 2023
Bmw expects higher china sales in 2023, finance chief says - photo licensed by shore news network.

By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle …

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Pope, in Mongolia, sends apparent message to China on Catholic aims

September 2, 2023September 2, 2023
Pope, in mongolia, sends apparent message to china on catholic aims - photo licensed by shore news network.

By Philip Pullella ULAANBAATAR (Reuters) -Pope Francis, in words that appeared to be aimed at China rather than the neighbouring country he was visiting, said …

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China will widen market access for the service industry – President Xi

September 1, 2023
China will widen market access for the service industry - president xi - photo licensed by shore news network.

BEIJING/SHANGHAI (Reuters) -Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade. Speaking …

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Canada’s largest pension fund trims staff as it puts China deals on hold – sources

September 1, 2023September 1, 2023
Canada's largest pension fund trims staff as it puts china deals on hold - sources - photo licensed by shore news network.

By Julie Zhu and Kane Wu HONG KONG (Reuters) – CPP Investments, Canada’s biggest pension fund, has laid off at least five investment professionals at …

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China new home prices fall for fourth month, sales slump – survey

September 1, 2023September 1, 2023
China new home prices fall for fourth month, sales slump - survey - photo licensed by shore news network.

BEIJING (Reuters) – China’s new home prices fell for the fourth month in August, according to a private survey on Friday, as a property debt …

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China to cut banks’ FX reserve ratio to rein in yuan weakness

August 31, 2023
China to cut banks' fx reserve ratio to rein in yuan weakness - photo licensed by shore news network.

SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the …

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Exclusive-Brazil’s Petrobras plans China subsidiary in push to boost ties, CEO says

August 31, 2023
Exclusive-brazil's petrobras plans china subsidiary in push to boost ties, ceo says - photo licensed by shore news network.

By Marta Nogueira RIO DE JANEIRO (Reuters) – Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil’s state-run …

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Emerging markets beaten back in August as China chills the mood

August 31, 2023August 31, 2023
Emerging markets beaten back in august as china chills the mood - photo licensed by shore news network.

By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – Higher global interest rates, difficulties in China, a stronger dollar plus another coup in Africa …

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Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices

August 31, 2023August 31, 2023
Hormel foods cuts annual forecasts on weak china demand, adverse pork prices - photo licensed by shore news network.

(Reuters) – Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with …

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China developer Vanke sees pressure on profit amid market downturn

August 31, 2023
China developer vanke sees pressure on profit amid market downturn - photo licensed by shore news network.

HONG KONG (Reuters) – Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, …

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Row with China over Fukushima release could shave 0.2% off Japan GDP -Daiwa

August 31, 2023
Row with china over fukushima release could shave 0. 2% off japan gdp -daiwa - photo licensed by shore news network.

TOKYO (Reuters) – A row with China over Tokyo’s decision to release treated radioactive water from the Fukushima nuclear power plant could shave 0.2% off …

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‘Grandest Wager’: China Expert Says Biden’s Soft Stance Has Been Tried Before, Only Made Country More Hostile To US

August 31, 2023

‘Grandest Wager’: China Expert Says Biden’s Soft Stance Has Been Tried Before, Only Made Country More Hostile To US Harold Hutchison on August 30, 2023 …

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Japan makes record defence spending request amid tension with China

August 31, 2023August 31, 2023
Japan makes record defence spending request amid tension with china - photo licensed by shore news network.

By Sakura Murakami TOKYO (Reuters) – Japan’s defence ministry made a record spending request on Thursday of 7.7 trillion yen ($52.67 billion), for fiscal 2024, …

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Marketmind: China PMIs round off bruising month

August 30, 2023August 30, 2023
Marketmind: china pmis round off bruising month - photo licensed by shore news network.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors await a deluge of …

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Disney diplomacy: US commerce secretary visits China theme park

August 30, 2023
Disney diplomacy: us commerce secretary visits china theme park - photo licensed by shore news network.

By David Shepardson SHANGHAI (Reuters) – U.S. Commerce Secretary Gina Raimondo visited Shanghai Disneyland and a Boeing facility in China Wednesday, touting two prominent American …

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As More Countries Link Arms With China, Is US Dollar Dominance Truly At Risk?

August 30, 2023

As More Countries Link Arms With China, Is US Dollar Dominance Truly At Risk? Will Kessler on August 29, 2023 A growing number of major …

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‘Uninvestable’ not a term to describe China, says EU Chamber of Commerce

August 30, 2023August 30, 2023
'uninvestable' not a term to describe china, says eu chamber of commerce - photo licensed by shore news network.

By Laurie Chen BEIJING (Reuters) – The European Union Chamber of Commerce in China said on Wednesday that it would not use the term “uninvestable” …

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