Reuters Asia Business

MAINZ, Germany (Reuters) – China’s Changan Automobile plans to enter 10 markets across Europe this year with local EV models, it said on Friday, becoming the latest Asian carmaker to tap the home of heavyweights such as Volkswagen and Stellantis. The group showcased its electric SUV Deepal S07, its first model for the European market, …

Chinese carmaker Changan to start EV sales in 10 European markets this year Read More »

BEIJING (Reuters) – Wang Xing, CEO of China’s largest food delivery firm Meituan, said on Friday in a post-earnings call that the company is pouring “billions” into chips used to train AI models, with more investment planned this year. The escalated spending and promise of further increases aligns with similar large-scale AI investments by China’s …

Meituan joins China’s AI spending race, says investing ‘billions’ in chips Read More »

(Reuters) – Elon Musk’s Starlink has obtained a no-objection certificate to launch services in Pakistan, local broadcaster Ary News reported on Friday, citing sources. (Reporting by Sakshi Dayal in New Delhi, editing by Sudipto Ganguly)

BEIJING (Reuters) – China will strengthen oversight of the fees government agencies charge to businesses, state broadcaster CCTV reported on Friday, citing a cabinet meeting. The cabinet studied establishing a long-term regulatory mechanism to improve the management of such fees, CCTV reported, emphasising the need to crack down on charging fees in violation of regulations. …

China to strengthen oversight of fees charged to businesses, cabinet meeting says Read More »

By Chen Aizhu and Florence Tan SINGAPORE (Reuters) – Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing. Washington on Thursday imposed new …

New US sanctions to slow but not stop China’s Iranian oil imports, traders say Read More »

BEIJING (Reuters) – China has asked banks to raise credit limits for consumer loans, financial media outlet 21jingji reported on Friday, as part of its efforts to boost consumption to revive a slowing economy. The financial regulator, the National Financial Regulatory Administration, issued a notice that said financial institutions can raise credit limit for consumer …

China asks lenders to raise credit limit for consumer loans, report says Read More »