Reuters Asia Business

BRUSSELS (Reuters) -The European Commission has launched an investigation into flat-rolled products of iron or steel plated or coated with tin from China to assess whether imports into the European Union are sold at excessively low prices. The Commission, which oversees trade policy in the 27-nation EU, launched the anti-dumping investigation following a complaint from …

EU launches trade investigation into Chinese tinplate steel Read More »

(This May 14 story is being republished with no changes to text) MEXICO CITY (Reuters) – Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm’s Americas head told Reuters on Tuesday. Chile’s economic development agency CORFO last year said production at a …

China’s BYD postpones plans for 2025 Chile lithium cathode plant Read More »

By David Lawder WASHINGTON (Reuters) -The U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties on Chinese goods, the International Monetary Fund said on Thursday, adding that Washington and Beijing should work together to resolve their trade tensions. IMF spokesperson Julie Kozack told a regular news briefing …

IMF: U.S. should keep open trade, work with China to resolve disputes Read More »

(Reuters) -HSBC’s largest shareholder, China’s Ping An Insurance, is mulling options to reduce its 8% stake in the Asia-focussed lender, Bloomberg News reported on Thursday citing people familiar with the matter. The Chinese insurance giant, which emerged as a major shareholder in HSBC in 2017 through its asset management arm and has had a tumultuous …

HSBC’s biggest investor Ping An mulls options to cut stake, Bloomberg News reports Read More »

By Christoph Steitz MUELHEIM AN DER RUHR, Germany (Reuters) – Europe’s energy sector relies too much on China to entertain the idea of de-risking, the CEO of Siemens Energy said, reflecting the dilemma of an industry in need of supplies from the world’s No.2 economy – but not the competition that comes with it. The …

Siemens Energy boss says there can be no energy transition without China Read More »

WASHINGTON (Reuters) – White House National Economic Adviser Lael Brainard said on Thursday China’s industrial capacity and exports in certain sectors are so large, they can undermine the viability of investments in the United States. “China is now simply too big to play by its own rules,” Brainard said during remarks at the Center for …

White House’s Brainard says China’s exports can undermine investments in US Read More »

By Akash Sriram and Casey Hall (Reuters) -Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been hit by cautious consumers. JD.com and traditional rival Alibaba Group have been cutting prices and offering discounts to defend e-commerce market share in …

Chinese retailer JD.com’s low price strategy helps revenue beat expectations Read More »

By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a protracted property crisis. Hong Kong’s Hang Seng Mainland Properties Index closed up 4.9% to …

China property shares jump on report of government plans to buy unsold homes Read More »

(Reuters) – Foreign investors ended a three-week trend of selling Japanese bonds by purchasing long-term securities, although analysts suggest the rebound could be fleeting amid ongoing market uncertainties. They bought 1.7 trillion yen in long-term bonds in the week ended May 10, the largest purchase in eight weeks, according to Ministry of Finance data. Foreigners …

Foreign investors snap up long-term Japan bonds after three-week selling streak Read More »

By Nichola Groom (Reuters) – The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy for using American-made products. The moves come as President Joe Biden touts his economic policies ahead …

White House moves to protect US solar manufacturers from Chinese competition Read More »