Reuters Asia Business

(Reuters) – The White House, pressed on Wednesday about recent Chinese growth, said there were issues with the transparency of economic data issued by Beijing. “We have all seen the reports of the economic weakness in China … and as we’ve said many times before, there have also been transparency issues as we know, when …

White House says China’s economic data has had transparency issues Read More »

WASHINGTON (Reuters) – A bipartisan group of former senior U.S. national security officials urged Congress on Wednesday to dedicate resources to President Joe Biden’s recent order restricting some outbound U.S. investment to China, calling it a top priority.   Twenty-one veteran officials – including former deputy national security advisor during the Trump administration Matt Pottinger, …

Former U.S. officials urge Congress to enhance Biden’s China investment order Read More »

(Reuters) -Delta Air Lines and American Airlines Group will operate more flights to China soon, the two carriers said on Wednesday, as they look to capitalize on strong travel demand in the Asia-Pacific region. The Biden administration said last week that the United States and China would approve twice the number of passenger flights currently …

Delta, American Airlines to expand China flight schedule Read More »

GENEVA (Reuters) -A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in response to U.S. tariffs on steel and aluminium. The office of the U.S. Trade Representative said it was pleased with the WTO decision, adding …

Chinese duties on U.S. imports ‘inconsistent’ with WTO obligations Read More »

JAKARTA (Reuters) – Indonesia has requested World Trade Organization (WTO) dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the global trade body said on Tuesday. The EU is Indonesia’s third-largest destination for palm oil products and is an important market for its …

Indonesia launches WTO dispute over EU duties on biodiesel imports Read More »

By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings posted a smaller-than-expected 11% rise in second-quarter revenue on Wednesday, as the country’s sputtering economic recovery weighed on the social media and gaming giant’s recovery from last year’s record downturn. The world’s largest video game company and operator of the WeChat messaging platform said revenue reached …

China’s Tencent posts smaller than expected revenue growth Read More »

By Casey Hall SHANGHAI (Reuters) – Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry. Zhu, who takes home 400-600 yuan ($55-$82) a day …

Bumpy road for China’s ride hailing drivers as economy slows Read More »

By Casey Hall SHANGHAI (Reuters) -Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two sources close to the company. The sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednesday that DingTalk …

Alibaba’s DingTalk to split from Cloud business group – sources Read More »

By Clare Jim HONG KONG (Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China’s largest developer by sales value before this year, Country Garden’s debt crisis has raised fears that its contagion …

Analysis-Country Garden undone by promise to bring 5-star life to China’s hinterland Read More »