Reuters Asia Business

BEIJING (Reuters) – China’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate. People’s Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while …

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BEIJING (Reuters) – Beijing authorities will facilitate eligible business travellers with visa applications, with a letter provided to organisations inviting them to the Chinese capital, the city’s foreign affairs office said on Saturday. The visitors must receive the invitation letter from qualified Chinese enterprises registered in Beijing to apply for the visa, the office said …

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TAIPEI (Reuters) – There is no need for one country to control the semiconductor industry, which is complex and needs a division of labour, Taiwan’s top technology official said on Saturday after U.S. President Donald Trump criticised the island’s chip dominance. Trump repeated claims on Thursday that Taiwan had taken the industry and he wanted …

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BEIJING (Reuters) – China said on Saturday it welcomes more Spanish companies to tap into and share opportunities in its large market, as well as China’s economic transformation and development. More Spanish firm are also welcome to jointly build growth points for cooperation such as in the digital economy and artificial intelligence, Foreign Minister Wang …

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By Kalea Hall DETROIT (Reuters) – General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker’s restructuring in China, according to a company source.  The plant makes Buick GL8 minivans and the Chevrolet Tracker SUV for the China market. The source who confirmed the …

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