(Corrects to say Hong Kong media, not state media, paragraph two) By Joe Cash BEIJING, Dec 18 (Reuters) – China’s Commerce Ministry said on Thursday that it had granted several general licenses for rare earth exports, a new category of permit that aims to speed up shipments of the vital elements. Responding to a question …
China says it is granting new, streamlined rare earth export licences Read More »
By Colleen Howe BEIJING, Dec 18 (Reuters) – Losses in China’s slumping solar sector narrowed in the third quarter, according to data presented by an industry group official, as the government’s war on industrial overcapacity targeted manufacturers. The solar industry’s capacity reached levels capable of satisfying global demand roughly twice over, according to figures from …
China solar industry’s losses narrowing on overcapacity push, association says Read More »
BEIJING, Dec 18 (Reuters) – China’s autonomous driving startup Momenta has entered a strategic partnership with Singapore-based Grab, the companies said on Thursday. Momenta, together with Pony AI and WeRide, is among a rising number of Chinese self-driving technology firms pursuing overseas expansion as Beijing pushes its companies to dominate the sector globally. Thursday’s statement said …
China’s Momenta teams up with Grab on autonomous driving in Southeast Asia Read More »
Dec 18 (Reuters) – India’s AM Green and Japan’s Mitsui & Co have signed a non-binding agreement to explore a potential investment in the former’s green aluminium business, the companies said on Thursday. AM Green, backed by the founders of clean energy firm Greenko Group, is building a 1 million tonne per annum (MTPA) aluminum …
By Kitiphong Thaichareon and Orathai Sriring BANGKOK, Dec 18 (Reuters) – The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its governor said on Thursday, adding that monetary policy could be further eased if needed after key …
Thai central bank proposes controls on gold trade, ready to cut rates further Read More »
NEW DELHI, Dec 18 (Reuters) – India has reformed its business visa regime to ease movement of foreign engineers and technicians, the government said in a statement, which will be a boost local firms leaning on Chinese professionals for manufacturing services. India’s Department for Promotion of Industry and Internal Trade said late on Wednesday it …
India streamlines visa rules in boost for Chinese professionals Read More »
HONG KONG, Dec 18 (Reuters) – Cash-strapped China Vanke kicked off a second meeting with holders of a 2 billion yuan ($283.99 million) bond on Thursday, as it scrambles to extend its debt payments with bondholders and banks in an effort to avoid a default. A default by Vanke, a state-backed developer, would add an …
China Vanke begins second meeting with holders of 2 billion yuan bond Read More »
(Corrects to add Reuters in dateline) By Fanny Potkin SINGAPORE, Dec 17 (Reuters) – In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence, smartphones and weapons central to Western military dominance, …
How China built its ‘Manhattan Project’ to rival the West in AI chips Read More »
SHANGHAI/BEIJING, Dec 18 (Reuters) – China International Capital Corp shares jumped as much as 10% on Thursday after it detailed plans to buy two rivals in a share-swap deal worth about $16 billion, potentially creating China’s fourth-biggest investment bank by assets. Shares of acquisition targets Dongxing Securities and Cinda Securities also surged. State-owned CICC said …
China’s CICC shares jump after plan to buy two rivals in $16 billion stock-swap deal Read More »
BEIJING, Dec 18 (Reuters) – China’s jobless rate for 16-to-24-year-olds, excluding college students, stood at 16.9% in November, down from 17.3% in the previous month, data from the National Bureau of Statistics showed on Thursday. The unemployment rate for 25-to-29-year-olds, excluding students, was at 7.2%, matching October’s 7.2%, while the jobless rate for 30-to-59-year-olds was …
