Reuters Asia Business

BEIJING (Reuters) -China will issue the rest of its consumer goods trade-in funds in an orderly manner and the central government is now guiding local governments to use the funds at a stable pace, state media Securities Times reported on Wednesday. The central government has allocated 162 billion yuan ($22.54 billion) out of 300 billion …

China will issue remaining consumer goods subsidies at stable rate, state media says Read More »

SHANGHAI (Reuters) -At least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, according to Reuters’ review of government announcements, which could slow new car sales in the world’s second-biggest economy. Notices from governments in Zhengzhou and Luoyang blamed the subsidy pause on the first round of funding allocated …

Some Chinese cities pause car-buying subsidies as funds run out Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan may take a long pause before raising interest rates again, but it has still left scope for action this year by signaling caution over broadening price pressures that could sow the seeds of too-high inflation. While investor focus at this week’s BOJ policy meeting centered on …

Analysis-BOJ’s inflation warning leaves room for another rate hike this year Read More »

By Tim Kelly KANANASKIS, Canada (Reuters) -Japanese premier Shigeru Ishiba’s bid to get U.S. President Donald Trump to relax tariffs imperiling his country’s economy and his political future fell flat this week, underlining the gulf between the allies as more levies are set to kick in. Ishiba traveled to the G7 summit in Canada hoping …

Analysis-Japan’s Ishiba departs G7 with US trade deal and political future in doubt Read More »

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China’s move to curb the use of soymeal in animal feed to reduce its dependence on imports is feasible but will be costly and technically challenging for the smaller farmers who account for one-third of Chinese pork production, industry experts say. In April, China announced a plan …

Analysis-China’s big feed shift to curb soybean imports, strain small farmers Read More »

SHANGHAI (Reuters) -China’s foreign exchange regulator on Wednesday vowed to keep the yuan exchange rate basically stable and fend off external shocks and risks. Speaking at the Lujiazui Forum in Shanghai, Zhu Hexin, head of the State Administration of Foreign Exchange, said China’s ability to counter forex market volatility has improved. China will set up …

China’s forex regulator vows to fend off external shocks Read More »