By Ryan Woo and Joe Cash BEIJING (Reuters) – At an “Invest Maldives” forum in a southern Chinese port city, Maldivian President Mohamed Muizzu shook hands and exchanged words with smiling local officials on a China visit set to deepen bilateral ties as the archipelagic nation pirouettes away from India. After the forum in Fuzhou …
Maldives president courts investors in China as Indian ties sag Read More »
By Farah Master HONG KONG (Reuters) – China’s population likely dropped for a second consecutive year in 2023 due to a surge in COVID-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the economy’s prospects keeps birth rates depressed. Demographers estimate population data on Jan. 17 to show the number of …
Weak economy, COVID rampage likely shrank China’s population again in 2023 Read More »
SHANGHAI/SINGAPORE (Reuters) – China’s securities regulator is allowing mutual fund managers to sell more shares than they buy each day, three sources said, removing a ban introduced late last year aimed at propping up a flagging stock market. The China Securities Regulatory Commission (CSRC) late last year barred major mutual fund companies from selling shares …
Exclusive-China regulators lift stock net-selling ban for mutual funds-sources Read More »
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. U.S. payrolls and service sector data won’t offer much inspiration to Asian markets this week, thanks to the ambiguous economic and Fed policy picture that churned markets on Friday, though a handful of upcoming regional economic reports and the Taiwan election …
Eyes on regional economic reports, Taiwan elections Read More »
LAS VEGAS (Reuters) – Japan’s Panasonic Holdings’ automotive systems business launched a new platform at the CES electronics trade fair in Las Vegas which it says can make in-vehicle computing faster and lighter by reducing the number of electronic control units (ECUs). The architecture, which the company calls a high-performance compute system, brings together multiple …
Panasonic Automotive unveils system to boost in-vehicle computing Read More »
By Joseph White DETROIT (Reuters) – Nvidia said four Chinese electric vehicle brands will use its technology as the brains for automated driving systems, underscoring the U.S. chip maker’s determination to expand in China despite Washington’s tighter export rules. Chinese automakers Li Auto, Great Wall Motor, Zeekr and the new EV unit of Chinese telecommunications …
By Yelin Mo and Fanny Potkin BEIJING/SINGAPORE (Reuters) – U.S. chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an artificial intelligence (AI) chip it designed for China to comply with U.S. export rules, two people familiar with the matter said on Monday. The H20 chip is the most powerful …
Nvidia to launch China-focused AI chip in Q2 2024 -sources Read More »
(Reuters) – Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars less appealing to buyers, according to research firm Canalys. The figure follows an estimated growth of 29% in 2023 at 13.7 million units, when government incentives helped the adoption of …
Global EV market growth to slow this year on lower subsidies – report Read More »
SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four sources familiar with the matter told Reuters. LGFVs, set up by Chinese local governments to fund infrastructure investment, have been told to stop issuing offshore bonds with a 364-day …
Exclusive-China closes local government offshore financing loophole -sources Read More »
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Apple’s iPhone sales in China dropped by 30% in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for the U.S. tech giant. The decline in Apple’s sales was the primary …
Apple iPhone sales in China fall 30% in first week of 2024 – Jefferies Read More »
