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E-ZPass: New Jersey Turnpike Authority Faces Backlash After Dropping Local Firm for Foreign Entity with Alleged Ties to China’s Communist Party
Trenton, NJ – March 14, 2025 – A storm of controversy has erupted in New Jersey over the New Jersey Turnpike Authority’s decision to award a lucrative $1.73 billion contract to operate…
China’s Jan-Aug fiscal revenue growth slows despite policy support
BEIJING (Reuters) – China’s fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in…
China’s August land sale revenue falls for 20th straight month
BEIJING (Reuters) – China’s government land sales revenue fell for the 20th consecutive month in August, data from the finance ministry showed on Friday, signalling more pressure on local governments with deepening…
Indonesia asks China’s Geely to help build homegrown EV by 2026
JAKARTA (Reuters) – Indonesia has asked Chinese carmaker Geely Automotive Holdings to help it build a homegrown electric car by 2025 or 2026, a senior minister said on Tuesday, adding that the…
China’s ‘teapot’ refiners mop up swelling Iranian crude, defying U.S. curbs
By Muyu Xu SINGAPORE (Reuters) – Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global…
China’s central bank set to boost liquidity but keep policy rate steady
SHANGHAI (Reuters) – China’s central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a…
China’s Moutai launches boozy chocolates with Dove in diversification drive
By Casey Hall SHANGHAI (Reuters) – Chinese luxury liquor-maker Kweichow Moutai is again looking to diversify from its fiery baijiu spirit core business to attract a new generation of consumers via a…
Marketmind: China’s weak property stocks set the pace
A look at the day ahead in European and global markets from Kevin Buckland A light calendar for Europe today means markets are likely to take their cues from Asia, and there’s…
China’s Didi Q2 revenue grows as regulatory curbs ease
BEIJING (Reuters) – Revenues at China’s Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory…
China’s Ant Group unveils finance AI model as race heats up
By Josh Ye HONG KONG (Reuters) – Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race…
China’s Aug new yuan loans seen rebounding on policy support – Reuters poll
BEIJING (Reuters) – China’s new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll showed, as the central bank seeks…
Canadian dollar outlook seen less rosy as China’s economy weakens: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts have cut their bullish near-term forecasts for the Canadian dollar as China’s economy weakens and the gap between U.S. and Canadian bond yields grows, but…
China’s Leapmotor looks to sell EV tech as it targets export growth
MUNICH (Reuters) – China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners outside China to license its technology, the…
China’s Luckin sells 5.4 million Moutai alcohol-infused lattes in a day
BEIJING (Reuters) – Luckin Coffee said on Tuesday that it sold more than 5.42 million cups of the alcohol-infused latte it rolled out with Kweichow Moutai on the first day of its…
China’s Leapmotor unveils C10 SUV at Munich car show
MUNICH (Reuters) – Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology on Monday unveiled the C10 sports utility vehicle at the IAA car show in Munich, adding this would be its first…
Japan to allocate $140 million more to help fisheries after China’s import ban
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Monday the government would allocate an additional 20.7 billion yen ($141.41 million) to support the fisheries industry after China’s total import ban…
Tencent, others begin enforcing China’s new oversight move on apps
By Josh Ye HONG KONG (Reuters) – Mobile app stores in China run by Tencent Holdings, Xiaomi and others have started to bar app publishers from launching new apps if they do…
Marketmind: Asia mood lifts as China’s small steps add up
A look at the day ahead in European and global markets from Wayne Cole Asian stocks have extended last week’s rally, led by China shares, amid talk that all of Beijing’s small…
China’s state planner to set up special bureau to support private economy
BEIJING (Reuters) – China’s central government has approved setting up a special bureau within the National Development and Reform Commission (NDRC) to promote the development and growth of the private economy, the…
Analysis-Part of China’s economic miracle was a mirage. Reality check is next
By Joe Cash BEIJING (Reuters) – Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by…
Russia’s Putin says he will meet China’s Xi soon
(Reuters) – Russian President Vladimir Putin said on Friday that he expected to meet Chinese President Xi Jinping soon, following earlier reports that he planned to visit China in October. Russia has…
Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024
By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year for China, saying that while the risk…
China’s Beijing, Shanghai ease mortgage rules for first-time home buyers
BEIJING (Reuters) -China’s Beijing and Shanghai on Friday announced that they would allow home buyers to enjoy preferential loans for first-home purchases regardless of their previous credit records. The capital city of…
China’s economic woes may be behind Japan backlash -Suntory CEO
By Mayu Sakoda and Yukiko Toyoda TOKYO (Reuters) – China’s economy is in a “extremely difficult” situation, which may be contributing to a rising backlash against Japan over the release of treated…
Explainer-Why is China’s economy slowing down and could it get worse?
HONG KONG (Reuters) – China’s economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over…
China’s Aug factory activity picks up unexpectedly – Caixin PMI
BEIJING (Reuters) – China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to revive growth might…
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