Reuters Asia Business

BEIJING (Reuters) – China’s leaders started a closed-door meeting on Monday to discuss economic targets and map out stimulus plans for 2024, four sources familiar with the matter said. The annual Central Economic Work Conference, during which President Xi Jinping and other top officials chart the course for the world’s second-largest economy next year, is …

China’s leaders meet to discuss growth targets for 2024, say sources Read More »

BEIJING (Reuters) – China’s State Council on Monday released a slew of measures designed to help domestic and foreign firms trade, as policymakers strive to shore up economic growth and boost demand. Beijing will increase financial support for domestic and foreign trade enterprises, such as supporting more qualified payment institutions and banks to provide foreign …

China makes plans to boost domestic and foreign trade Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) -China’s Huawei will start building its mobile phone network equipment factory in France next year, a source familiar with the matter said, pressing ahead with its first plant in Europe even as some European governments curb the use of the firm’s 5G gear. The company outlined plans for the factory …

Huawei to start building first European factory in France next year -source Read More »

By Amy Lv and Dominique Patton BEIJING (Reuters) – China’s Guangzhou Futures Exchange (GFEX) has added more warehouses for lithium carbonate, it said on Monday, a move analysts saw as an effort to alleviate fears of a shortage of cargoes available for January delivery. China is the world’s largest consumer and producer of lithium carbonate …

China exchange adds lithium warehouses to allay fears of short squeeze Read More »

By Muyu Xu SINGAPORE (Reuters) -Chinese refiners’ demand for Saudi Aramco crude oil for January is the lowest in five months, people with knowledge of the matter said on Monday, as higher-than-expected prices prompted buyers to seek cheaper supply. About 40 million barrels were nominated by Chinese refiners for January loading, down from about 46 …

Chinese refiner demand for Jan Saudi crude at 5-mth low -sources Read More »

BEIJING (Reuters) – More than 90% of China’s existing new energy vehicle (NEV) models will continue to receive tax breaks on purchases, under new technical requirements unveiled on Monday, China’s industry ministry said. The technical requirements for NEV eligibility for purchase tax exemptions from 2024 state that pure electric cars should have a driving range …

China says tax breaks to stay for over 90% of new energy vehicles Read More »

By Ananda Teresia JAKARTA (Reuters) -China’s TikTok has agreed to spend $840 million to buy most of Indonesian tech conglomerate GoTo’s e-commerce unit – a move that appears to allow it to restart its online shopping business in Southeast Asia’s largest economy. It also said it will invest further in the business, Tokopedia, which is …

TikTok set to restart e-commerce in Indonesia with $1.5 billion Tokopedia investment Read More »