Reuters Asia Business

By Colleen Howe SHANGHAI (Reuters) – Chinese solar panel manufacturers said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity. Financial incentives and a government push have helped China become the solar panel factory of the …

China solar panel manufacturers seek government action to halt freefall in prices Read More »

(Reuters) -The Biden administration is considering further restrictions on China’s access to chip technology used for artificial intelligence, Bloomberg News reported on Tuesday, citing people familiar with the matter. The measures being discussed would limit China’s ability to use a cutting-edge chip architecture known as gate all-around, or GAA, the report said. GAA is a …

US weighs more limits on China’s access to AI chips, Bloomberg reports Read More »

BEIJING (Reuters) – China’s President Xi Jinping has vowed to foster a globally competitive open environment for scientific and technological innovations, and expand international exchanges and cooperation, state media reported on Tuesday. The comments come at a time when the world’s second-biggest economy is trying to nurture new growth drivers, in its bid to restore …

China’s Xi pledges to build globally competitive environment for tech innovation Read More »

BEIJING (Reuters) – China on Tuesday issued draft rules to promote construction of overseas warehouses and expand cross-border e-commerce businesses, which have become a vital force in its foreign trade, according to the Chinese commerce ministry. Companies including Shein, PDD Holdings’ Temu and Alibaba’s AliExpress, which predominantly ship made-in-China products “cross border” to markets around …

China issues draft rules to expand cross-border e-commerce Read More »

WASHINGTON (Reuters) -The U.S. has added three more companies to a list that bars imports from firms allegedly involved with Uyghur forced labor in China, according to a U.S. government notice posted online on Tuesday. The latest targets include shoe manufacturer Dongguan Oasis Shoes Co, electrolytic aluminum maker Xinjiang Shenhuo Coal and Electricity Co and …

US bars imports from China footwear, seafood, aluminum firms over Uyghur labor Read More »

By Ariba Shahid and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s economy is likely to have expanded by 2.4% in the fiscal year that ends this month, missing a target of 3.5%, the government’s economic survey showed on Tuesday, a day before the country’s federal budget is unveiled. It was, however, an improvement on last …

Pakistan to grow at 2.4% this year, miss target, economic survey shows Read More »

(Reuters) – China Evergrande New Energy Vehicle Group faces the risk of losing assets such as land and equipment, the company said on Tuesday, as local administrative bodies demand repayment of 1.9 billion yuan ($261.91 million) in subsidies by its units. The local bodies last month sent a letter of demand asking unit Evergrande Automotive …

Evergrande EV warns of losing key assets as local governments demand subsidy repayment Read More »

By Makiko Yamazaki TOKYO (Reuters) – Japan plans to stick to its goal of achieving a primary budget surplus in the next fiscal year, according to a draft of annual policy guidelines for budget planning. The government will also continue to try to lower the ratio of debt to gross domestic product, the draft said. …

Japan to stick to goal of primary budget surplus next fiscal year Read More »