Reuters Asia Business

BEIJING (Reuters) – U.S. chipmaker Nvidia on Thursday launched a modified version of an advanced gaming chip designed to comply with U.S. export controls targeting China. The chip, which the company says offers a “quantum leap in performance, efficiency and artificial intelligence-driven graphics”, will be available to Chinese customers starting in January, a Nvidia spokesperson …

Nvidia launches new gaming chip for China to comply with US export controls Read More »

BEIJING (Reuters) – Chinese lawmakers on Friday weighed in on a fiery online debate on whether fireworks should be used to ring in the Lunar New Year in February, saying a total ban on pyrotechnics in the country credited with inventing them would be hard to implement. In an unusually frank response, lawmakers said air …

China’s fireworks ban sparks fiery debate ahead of Lunar New Year Read More »

By Casey Hall and Marcelo Teixeira SHANGHAI (Reuters) – Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened thousands of branded shops in recent months and surpassed the number of coffee stores in the United States. Analysts expect China’s growing thirst for coffee to be a …

China’s new thirst for coffee spurs cut-throat cafe competition Read More »

By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply constraints and dry weather. The Thomson Reuters/CoreCommodity CRB Excess Return Index, which includes more …

Strong gains for cocoa, iron ore in 2023 as energy prices dip Read More »

SHANGHAI (Reuters) – Zeekr, owned by China’s Geely, has signed an agreement with a Singaporean company to distribute right-hand drive Zeekr 009 MPVs and Zeekr X urban SUVs to customers in the island nation, a Zeekr spokesperson for the automaker said on Friday. The automaker plans to begin delivering the cars in the second half …

China’s Zeekr to begin selling EVs in Singapore in second half of 2024 Read More »

BEIJING (Reuters) -China’s central bank said on Thursday it would step up macroeconomic policy adjustments to support the economy and promote a rebound in prices, amid signs of rising deflationary pressures. The People’s Bank of China (PBOC) will keep liquidity reasonably ample and guide the reasonable growth of credit, it said in a statement after …

China’s central bank to step up policy adjustments, drive price rises Read More »