Reuters Asia Business

PARIS (Reuters) – Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the electric vehicle market, as Renault also prepared to unveil its new Scenic electric vehicle car model. “China is very competitive when it comes to the supply chain of electric vehicles….we need to catch up …

Renault CEO: China very competitive on electric vehicles, Europe needs to catch up Read More »

By Diane Bartz and Phil Stewart WASHINGTON (Reuters) -U.S. Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday that the patience of U.S. business was “wearing thin,” saying American companies deserved a “predictable environment and a level playing field.” The two biggest economies in the world used to be each other’s largest trade …

Raimondo warns China patience of US business is ‘wearing thin’ Read More »

JAKARTA (Reuters) – Indonesia is introducing a golden visa scheme to attract foreign individual and corporate investors in an attempt to boost its national economy, a statement from the ministry of law and human rights distributed on Sunday said. “The golden visa is granting a residence permit for an extended period of five to 10 …

Indonesia offers ‘golden visa’ to entice foreign investors Read More »

By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle (EV) segment, and muted demand overall, the luxury carmaker’s chief financial officer (CFO) said at the IAA car show in Munich. In his first interview since becoming finance chief in …

BMW expects higher China sales in 2023, finance chief says Read More »

BEIJING (Reuters) – Tesla showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car – marking the first change to its mass-market car line-up …

Tesla shows off restyled Model 3 sedan at Beijing trade fair Read More »

TAIPEI (Reuters) – Terry Gou, the billionaire founder of major Apple supplier Foxconn, resigned as a company board member, the Taiwanese company said on Saturday, less than a week after announcing a bid to be the island’s next president. After months of speculation, Gou, who stepped down as Foxconn’s chairman in 2019, announced on Monday …

Terry Gou, seeking Taiwan presidency, resigns as Foxconn board member Read More »

CERNOBBIO, Italy (Reuters) – Trade between Italy and China has not improved as expected since Rome joined Beijing’s Belt and Road Initiative four years ago, Italy’s Foreign Minister said on Saturday. Under a previous government, Italy in 2019 became the first major Western nation to join China’s infrastructure initiative, despite protests from the United States. …

Italy FM: Belt and Road China deal did not bring expected results Read More »

TOKYO (Reuters) – The Japanese government is planning to set aside about 20 billion yen ($136.77 million) to support fishery businesses after China’s total import ban of Japanese marine products, Kyodo news agency reported on Saturday. The government is planning to announce the measures early next week, Kyodo reported, without citing sources. ($1 = 146.2300 …

Japan to allocate 20 billion yen to support fisheries after China import ban -Kyodo Read More »