WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she hoped the Congress can pass the legislation authorizing hundreds of billions of dollars to boost the country’s …
China
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(Reuters) – Swedish electric-vehicle maker Polestar cut its 2022 delivery forecast by 15,000 units to 50,000 vehicles on Thursday, hit by COVID-19 lockdowns in China. “The reduction for 2022 is …
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Hong Kong new listings volume sinks to 9-year low on China slowdown
by Reutersby ReutersBy Scott Murdoch HONG KONG – Hong Kong’s new listings volume plunged 90% to a nine-year low this year, data showed, as China’s sharp economic slowdown and its regulatory drive …
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China seen lowering lending benchmark LPR to support economy:Reuters Poll
by Reutersby ReutersSHANGHAI – China is expected to cut benchmark lending rates at its monthly fixing on Friday, a second reduction this year, a Reuters survey showed, as it seeks to prop …
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(Reuters) -China has removed a three-year restriction on imports of Canadian canola seed, Canadian officials said in a statement on Wednesday that didn’t provide a reason for the lifting of …
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Here’s Why China Still Hasn’t Given Up On Lockdowns Philip Lenczycki on May 18, 2022 Chinese President Xi Jinping is sticking with lockdowns while the West returns to normalcy because …
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Yellen confirms she is pressing Biden for some China tariff reductions
by Reutersby ReutersBy David Lawder BONN, Germany – U.S. Treasury Secretary Janet Yellen on Wednesday confirmed she is advocating within the Biden administration for eliminating some tariffs on Chinese imports that “aren’t …
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DOJ Sues Trump Confidant For Not Registering As A Foreign Agent Of China
DOJ Sues Trump Confidant For Not Registering As A Foreign Agent Of China Philip Lenczycki on May 18, 2022 The Department of Justice is suing the former finance chairman of …
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China lockdowns impeding supply chain recovery, slowdown risks spillovers, Yellen says
by Reutersby ReutersBONN, Germany -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a …
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China Southern says delivery timetable for Boeing 737 MAX jets not confirmed
by Reutersby ReutersBEIJING -A China Southern Airlines spokesperson said on Tuesday the delivery timetable for Boeing Co 737 MAX jets was not confirmed, after the company’s chairman last week gave investors fleet …
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BEIJING – China’s statistics bureau on Monday said it expects China’s economy to improve in May and that a recovery in consumption would quicken. China is steadily pushing forward production …
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China Harvests Organs From Tens Of Thousands Of Living Prisoners Each Year, Activist Tells Congress
China Harvests Organs From Tens Of Thousands Of Living Prisoners Each Year, Activist Tells Congress Philip Lenczycki on May 13, 2022 The Chinese government harvests tens of thousands of organs …
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Brazil’s JBS says China lockdowns won’t affect demand, logistics a concern
by Reutersby ReutersSAO PAULO – Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS products despite causing logistics concerns, …
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China to roll out new policies when needed to support economy – party official
by Reutersby ReutersBEIJING -China will not hesitate to introduce new policies to prop up growth, a senior Communist Party official said on Thursday, as the economy feels the pinch of protracted COVID-19 …
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China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
by Reutersby ReutersHONG KONG -State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 …
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China scrutiny stymies JD.Com fintech unit’s $2 billion Hong Kong IPO – sources
by Reutersby ReutersBy Julie Zhu and Scott Murdoch HONG KONG – JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong …
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Lucid CEO concerned about chip supplies from China due to COVID-19
by Reutersby ReutersBy Hyunjoo Jin SAN FRANCISCO -The chief executive of Lucid Group Inc on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. …
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Malaysia’s economy likely picked up pace in Q1, China slowdown a worry: Reuters poll
by Reutersby ReutersBy Devayani Sathyan BENGALURU – Malaysia’s economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in …
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WASHINGTON – President Joe Biden said on Tuesday discussions are ongoing about potentially dropping U.S. trade tariffs on China that were imposed by his predecessor, Republican Donald Trump. “We’re discussing …
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China wants to take Taiwan peacefully but is preparing militarily -U.S. intelligence officials
by Reutersby ReutersWASHINGTON – China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United …
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China to buy 40,000 tonnes of frozen pork for state reserves on May 13 -notice
by Reutersby ReutersBEIJING – China will buy 40,000 tonnes of local frozen pork for its state reserves on May 13, according to a notice issued by the reserves management this year. The …
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Dropping zero-COVID policy in China without safeguards risks 1.5m lives – study
by Reutersby ReutersBy David Stanway and Jennifer Rigby SHANGHAI/LONDON – China risks just over 1.5 million COVID deaths if it drops its tough zero-COVID policy without any safeguards such as ramping up …
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China state banks seen busy with FX swaps, pressing swap points to negative
by Reutersby ReutersSHANGHAI -China’s major state-owned banks were actively swapping yuan for dollars in the onshore forwards market on Tuesday, five banking sources said, pressuring swap points into negative territory for the …
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China Eastern Airlines to raise up to $2.2 billion through A-Share sale
by Reutersby ReutersHONG KONG – China Eastern Airlines Corp plans to raise up to 15 billion yuan ($2.23 billion) in a share sale to expand its fleet and to replenish working capital, …
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China state planner expands draft list of sectors for foreign investment
by Reutersby ReutersBEIJING – China’s state planner on Tuesday solicited public opinion on 2022’s draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into …