Reuters Asia Business

By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) – The Biden administration is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said, to make it easier for companies to stem technology flows into China. The list could be released in the next few months, …

US may soon unveil list of Chinese chip factories barred from receiving tech Read More »

By Clare Jim HONG KONG (Reuters) -Country Garden, China’s largest private property developer, delayed the publication of its 2023 financial results on Thursday saying it needed to collect more information to make appropriate accounting estimates and judgements. “Due to the continuous volatility of the industry, the operating environment the group is confronting is becoming increasingly …

China’s Country Garden delays publication of 2023 financial results Read More »

BERLIN (Reuters) – China has initiated dispute consultations with the United States regarding tax credits under the Inflation Reduction Act to promote the production of electric vehicles and renewable energy, the World Trade Organization said on Thursday. China claims that the US credits at issue hinge on using domestic over imported goods, or discriminate against …

WTO: China initiates dispute over US tax credits for EVs, renewables Read More »

BERLIN (Reuters) – China has initiated dispute consultations with the United States regarding tax credits under the Inflation Reduction Act to promote the production of electric vehicles and renewable energy, the World Trade Organization said on Thursday. China claims that the US credits at issue hinge on using domestic over imported goods, or discriminate against …

WTO: China initiates dispute over US tax credits for EVs, renewables Read More »

By Sarah Wu and Yelin Mo BEIJING (Reuters) -Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder …

Xiaomi takes aim at Tesla in Chinese auto market with $29,870 electric car Read More »

By Clare Jim HONG KONG (Reuters) -A string of Chinese property developers reported weaker financial results for 2023 on Thursday, including Vanke, China’s second largest property developer by sales, where core profit fell 50.6%. China’s property sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown …

Chinese property developers’ 2023 results hit by sector downturn Read More »

By David Shepardson NEW YORK (Reuters) – Automakers face “daunting” government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday. Under all compliance scenarios, automakers will need to sell …

Automakers face ‘daunting’ task to meet 2032 EV rules, industry says Read More »