Reuters Asia Business

BEIJING/SHANGHAI (Reuters) -Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade. Speaking via video at the China International Fair for Trade in Services (CIFTIS) in Beijing, Xi said China would focus on expanding the domestic market, increasing imports of high-quality services and …

China will widen market access for the service industry – President Xi Read More »

By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year for China, saying that while the risk of a recession had fallen in the United States, China’s challenges were mounting. “We have raised our growth forecast for the United States’ economy …

Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024 Read More »

By Francesco Guarascio HANOI (Reuters) – A chronic shortage of engineers in Vietnam is emerging as a major challenge to the growth of its semiconductor industry and to U.S. plans of fast-tracking the Southeast Asian nation as a chips hub to hedge against China-related supply risks. Semiconductors are expected to be a focal point when …

Analysis-Engineer shortage may harm US plan to turn Vietnam into chips powerhouse Read More »

SHANGHAI (Reuters) -China’s securities regulators tightened scrutiny over programme trading on Friday, seeking to better regulate the use of computer-generated algorithms in stock trading. The new rules comes after a raft of stimulus measures by the China Securities Regulatory Commission (CSRC) failed to drive a sustained market rally, for which some blamed apathetic selling from …

China tightens scrutiny over programme trading Read More »

By Ariba Shahid and Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -Pakistan’s inflation rate stayed above target at 27.4% in August, data showed on Friday, as reforms set out as conditions for an IMF loan complicate the task of keeping price pressures and declines in its rupee currency in check. The South Asian nation is embarking …

Pakistan inflation stays high at 27.4% as IMF reforms kick in Read More »

SHENZHEN, China (Reuters) – The surprise launch of the latest high-end smartphone from Chinese tech giant Huawei Technologies has triggered an international guessing game over what is inside it. The company, which has been heavily targeted by U.S. government restrictions, began selling its latest Mate 60 Pro for 6,999 yuan ($964) online on Tuesday, raising …

Explainer-Why is Huawei’s new smartphone generating so much buzz? Read More »

By Kane Wu and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could reportedly raise up to $1 billion, according to sources with direct knowledge of the matter. Hozon’s IPO …

China EV maker Hozon Auto appoints banks for $1 billion Hong Kong IPO -sources Read More »