Reuters Asia Business

China’s humanoid robots will not replace human workers, Beijing official says

19 May 2025

By Eduardo Baptista BEIJING (Reuters) -China’s humanoid robots will not replace human workers and cause mass unemployment, according to a Chinese official who oversees a tech hub in Beijing, amid a rapid expansion of the sector and state funding for it. Liang Liang, a deputy director at the Beijing Economic-Technological Development Area, which hosts one …

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Nissan considering plant closures in Japan, overseas, sources say

19 May 2025

By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week. The automaker is mulling closing Japan’s Oppama plant, where Nissan started production in …

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Samsung SDI cuts pricing of new shares by 17% amid tariff-driven sell-off

19 May 2025

SEOUL (Reuters) -Samsung SDI on Monday slashed the pricing of its new share issue by 17% after its stock declined in a broad market sell-off sparked by concerns over potential U.S. tariffs. The South Korean battery maker has lowered the price of its planned share sale twice since March. It now plans to sell new …

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Some Chinese companies eye Singapore listings to expand markets amid trade war

19 May 2025

By Yantoultra Ngui SINGAPORE (Reuters) -At least five companies from mainland China or Hong Kong are planning IPOs, dual listings, or share placements in Singapore in the next 12 to 18 months, four sources said, as Chinese firms look to expand in Southeast Asia amid global trade tensions. The companies include a Chinese energy company, …

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Support for Japan PM Ishiba hits record low as rice price soars, Kyodo reports

18 May 2025

TOKYO (Reuters) -Support for Japanese Prime Minister Shigeru Ishiba has hit a record low, with nearly nine out of every 10 voters dissatisfied with the government’s response to soaring price of rice, the nation’s beloved staple, Kyodo news agency reported on Sunday. Support for Ishiba’s government was at 27.4%, down from 32.6% a month ago, …

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China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan

18 May 2025

By Colleen Howe BEIJING (Reuters) -China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan. The commerce ministry’s findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese …

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Half of China’s heavy truck sales could be EVs by 2028, CATL says

18 May 2025

By Colleen Howe BEIJING (Reuters) -Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report. The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news …

Half of China’s heavy truck sales could be EVs by 2028, CATL says Read More »

Vietnam to consider Vinspeed proposal to build high-speed railway

18 May 2025

HANOI (Reuters) -The Vietnamese government will consider a proposal from Vinspeed, a company established by billionaire Vingroup Chairman Pham Nhat Vuong, to develop a high-speed railway running the length of the country, a government document showed. Lawmakers in the Southeast Asian industrial hub in November approved a $67 billion plan to build the 1,541-km (958-mile) …

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Trump administration is concerned by deal to put Alibaba’s AI on iPhones, NYT reports

17 May 2025

(Reuters) -The White House and congressional officials have been scrutinizing Apple’s plan to strike a deal with Alibaba to make the Chinese company’s AI available on iPhones in China, The New York Times reported on Saturday. U.S. authorities were concerned that the deal would help a Chinese company to improve its artificial intelligence capacities, broaden …

Trump administration is concerned by deal to put Alibaba’s AI on iPhones, NYT reports Read More »

China’s LandSpace launches improved methane-powered rocket

17 May 2025

By Eduardo Baptista BEIJING (Reuters) -A new methane-powered rocket developed by China’s LandSpace Technology launched six satellites into orbit on Saturday, as the private startup doubles down on a cheap, cleaner fuel that it hopes will help it develop reusable rockets. The Zhuque-2E Y2 carrier rocket blasted off at 12:12 p.m. (0412 GMT) from the …

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