BEIJING (Reuters) – Foreign direct investment into China amounted to 580.19 billion yuan ($81.80 billion) in January-August, down 31.5% from the same period last year, the Chinese commerce ministry said on Saturday. The slump was bigger than the 29.6% fall during Jan-July. ($1 = 7.0930 Chinese yuan renminbi) (Reporting by Ellen Zhang and Ryan Woo; …
By Rozanna Latiff, Danial Azhar and Hasnoor Hussain KUALA LUMPUR (Reuters) – On its website, Global Ikhwan Services and Business Holdings (GISB) describes itself as a Malaysian conglomerate with a vision to implement the Islamic way of life in line with the teachings of the Prophet Muhammad. But the rescue this week of hundreds of …
Alleged child abuse case puts banned Malaysian sect back in spotlight Read More »
BEIJING (Reuters) – China’s commerce ministry said on Saturday the country will begin an anti-dumping investigation into halogenated butyl rubber imported from Canada, Japan and India from Saturday. Halogenated butyl rubber is commonly used in the production of tires, pharmaceutical stoppers, sealants and other products. (Reporting by Ellen Zhang and Ryan Woo; Editing by Muralikumar …
BERLIN (Reuters) – German companies in China complain about delays for issuing visas for their Chinese workers to travel to Germany, the German chambers of commerce in China AHK said in a letter to Foreign Minister Annalena Baerbock, seen by Reuters on Saturday. “We are concerned that there are still difficulties in providing Chinese employees …
German companies seek faster visas for Chinese staff Read More »
By Tim Kelly and Katya Golubkova TOKYO (Reuters) – Japan and the United States should avoid confrontation about the steel industry and work together amid competition from China, the world’s top steelmaker, leading prime ministerial candidate Shinjiro Koizumi said on Saturday. Sources told Reuters on Friday that a powerful U.S. national security panel reviewing Nippon …
Japan, US face shared challenge from cheap China steel, Japan PM hopeful says Read More »
By Leika Kihara TOKYO (Reuters) -Sanae Takaichi, Japan’s minister in charge of economic security and a leading candidate in the ruling party’s leadership race, said on Saturday the central bank should maintain ultra-low interest rates to support the fragile economic recovery. “Frankly, it was too early,” she told a news conference gathering the nine candidates …
Japan’s PM hopeful Takaichi warns BOJ against raising rates Read More »
By Kevin Yao, Ellen Zhang and Ethan Wang BEIJING (Reuters) -China’s industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering the case for aggressive stimulus to shore up the economy and help it hit its annual growth target. The sluggish data released on Saturday …
Downbeat China factory output, retail sales add to urgency for stronger stimulus Read More »
BEIJING (Reuters) -China’s coal output rose 2.8% in August from a year earlier, statistics bureau data showed on Saturday, on higher thermal power generation and robust chemical industry demand. The world’s largest coal producer mined 396.55 million metric tons of the fuel last month, according to the National Bureau of Statistics data on Saturday. That …
China’s August coal output up on more power, chemical demand Read More »
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices. The U.S. Trade Representative’s office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on …
US locks in steep China tariff hikes, some industries warn of disruptions Read More »
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector. New home prices were down 5.3% from a year earlier, the fastest pace …
China new home prices fall at fastest pace in over 9 years in Aug Read More »
