Reuters Asia Business

BEIJING (Reuters) – China will explore relaxing or lifting car purchase restrictions in some regions, the commerce ministry said on Friday. The eased restrictions were part of reform measures outlined to streamline auto consumption. Currently, only a few cities, including Beijing and Shanghai, still impose curbs on car purchases that mostly target gasoline vehicles. The …

China explores relaxation, lifting of car purchase restrictions in some regions Read More »

SINGAPORE (Reuters) – China Petroleum & Chemical Corp, or Sinopec Corp, said on Friday it processed 2.03% less crude oil in 2024 versus 2023 and its diesel output tumbled 10.27% over the previous year. The data, which Sinopec said is unaudited, mirrored a fall in the country’s overall refinery throughput last year for the first …

China Sinopec crude throughput down 2% in 2024 Read More »

(Reuters) – Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos. “The head of the genie is in the bottle, most of the body of the genie is in the bottle, kind of getting …

World inflation not fully defeated yet, IMF’s Georgieva says Read More »

BEIJING (Reuters) – China’s factory activity likely expanded for a fourth month in January, highlighting the supply-side strength of the world’s No.2 economy, which is bracing for U.S. tariff hikes that could further weaken domestic demand and fuel deflationary pressures. A Reuters poll of 18 economists forecast the official purchasing managers’ index remained at 50.1, …

China Jan manufacturing activity seen expanding for fourth month: Reuters poll Read More »

BEIJING (Reuters) – Revenue from land sales by China’s local governments dropped 16% in 2024 compared with the previous year, finance ministry data showed on Friday. The decline was 22.4% in the period from January to November and 13.2% for the whole of 2023. Selling land use rights to property developers used to be a …

China’s 2024 local government land sales see 16% drop in revenue Read More »