Reuters Asia Business

China’s carbon emissions fell in the first half of 2025, study shows

BEIJING (Reuters) -China’s carbon dioxide emissions dropped 1% in the first half of 2025 from the same period last year, helped by growing use of renewable energy to generate power, according to a study by the Helsinki-based Centre for Research on Energy and Clean Air. Emissions from the power sector, the top source of greenhouse …

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UK blocks Versarien asset sale to Chinese-linked joint venture on security grounds

LONDON (Reuters) -Britain blocked the proposed acquisition of graphene-related assets owned by Versarien Plc by a joint venture involving China’s Anhui Boundary Innovative Materials Technology, citing national security concerns. The final order, made by senior minister Pat McFadden and published in an update on the government’s website, prevents the transfer and use of both tangible …

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China suspends Argentine poultry imports five months after ban lifted

By Ella Cao and Lewis Jackson BEIJING (Reuters) -China has suspended imports of Argentine poultry products from August 20, just five months after lifting a two-year ban. The ban came after the Argentine government temporarily halted shipments of poultry products due to the detection of avian flu in a commercial farm. The notice of suspension, …

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Exclusive-China considering yuan-backed stablecoins to boost global currency usage, sources say

(Reuters) -China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The State Council – China’s cabinet – will review and possibly approve a roadmap later this month …

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ADB to provide $410 million package for Barrick-run Pakistan mine, sources say

By Saeed Shah and Ariba Shahid ISLAMABAD (Reuters) -The Asian Development Bank will provide a $410 million financing package to help develop Pakistan’s Reko Diq copper mine, one of the world’s largest untapped deposits, which will be operated by Barrick Gold, two sources told Reuters on Thursday. Islamabad hopes the project will serve as a …

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China eyes agricultural, mining cooperation with Pakistan, foreign minister says

BEIJING (Reuters) -China is willing to cooperate with Pakistan in industry, agriculture and mining, Foreign Minister Wang Yi told Pakistani counterpart Ishaq Dar in Islamabad on Thursday, according to a readout of the meeting released by Wang’s ministry. Beijing would continue to support Pakistan in safeguarding its national independence, sovereignty and territorial integrity and combating …

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Sinopec interim profit lowest in five years on weaker fuel demand

By Sam Li and Chen Aizhu (Reuters) -China’s Sinopec reported a 39.8% drop in interim net profit due to lower oil prices, weaker fuel demand and as industry overcapacity weighs on margins at its chemicals business. Sinopec, the world’s largest oil refiner by capacity, reported on Thursday a net income of 21.48 billion yuan ($2.99 …

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Boeing in talks to sell up to 500 jets to China, Bloomberg News reports

(Reuters) -Boeing is in talks to sell as many as 500 jets to China, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the U.S. planemaker rose 2% before the market open as the potential order would be China’s first major purchase of Boeing jets since U.S. President Donald Trump’s visit …

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