Reuters Asia Business

US suspends engine sales to Chinese planemaker COMAC, New York Times reports

29 May 2025

WASHINGTON (Reuters) -The United States has suspended some sales to China of critical U.S. technologies, including those related to jet engines to Chinese state-owned aerospace manufacturer COMAC, the New York Times reported on Wednesday. COMAC is developing its own commercial planes to compete with dominant planemakers Airbus and Boeing, but China does not yet have …

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China’s magnet curbs risk halting Indian car production – industry documents

29 May 2025

By Aditi Shah NEW DELHI (Reuters) -Indian auto production could grind to a halt within days due to Chinese export restrictions on rare earth magnets, according to company executives and documents from industry groups, which want the government to lobby Beijing to relax the curbs. China, which controls over 90% of global processing capacity for …

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China offers Pacific Islands increased support in addressing climate change

29 May 2025

BEIJING (Reuters) -Chinese Foreign Minister Wang Yi pledged increased support from the world’s second-largest economy to Pacific Island countries in addressing climate change, during a summit China’s Xiamen on Wednesday, according to a ministry readout. The world’s biggest bilateral lender will undertake 100 “small but beautiful” projects across Pacific Island countries with China ties over …

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Chinese robotaxi makers head to a welcoming Gulf as overseas ambitions grow

29 May 2025

ABU DHABI (Reuters) – If you’re a Chinese robotaxi company, the Gulf has become the place to be, attractive for a regulatory environment that is embracing the technology and robust demand for ride-hailing services. Their enthusiasm has been evident in a flurry of recently announced expansion plans. This week, Pony.ai became the third Chinese robotaxi …

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Factory that symbolised Nissan’s rise may become victim of its decline

29 May 2025

By Daniel Leussink YOKOSUKA, Japan (Reuters) -When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and millions of cars later, the storied plant now faces possible closure as Nissan sinks deeper into crisis. New Chief Executive Ivan Espinosa …

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Vance says US should use bitcoin as an advantage in rivalry with China

28 May 2025

By Hannah Lang (Reuters) -China’s wariness of bitcoin should encourage the U.S. to embrace the world’s largest cryptocurrency and build on its strategic advantage in the digital asset, U.S. Vice President JD Vance said on Wednesday. As the White House pushes for an overhaul of crypto policy, Vance said bitcoin will be a strategically important …

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UAE minister says trade talks with EU not a hurdle for deal between GCC and bloc

28 May 2025

By Federico Maccioni DUBAI (Reuters) -The United Arab Emirates does not see bilateral talks for a free trade deal with the European Union as an obstacle to a similar agreement between the 27-nation bloc and the Gulf Cooperation Council, the UAE’s trade minister said on Wednesday. “We’re not seeing this as a hurdle, we are …

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Shein’s pursuit of an IPO: From New York to London to Hong Kong

28 May 2025

(Reuters) -Shein is working towards a listing in Hong Kong, as Chinese regulators did not approve the online fast-fashion retailer’s proposed IPO in London, according to three sources with knowledge of the matter. Here’s a timeline of the Singapore-headquarted company’s attempts to go public and the various setbacks it has encountered. Shein had moved its …

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