BEIJING (Reuters) – China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact on the growth rate. On Thursday, China’s 2023 GDP was raised by 3.4 trillion yuan, …
China says new housing metrics behind upward revision to 2023 GDP Read More »
By Orathai Sriring and Panu Wongcha-um BANGKOK (Reuters) – Thailand’s state advisory council said the government-backed candidate for chair of the board of the central bank is ineligible because of a recent political role he held, although its recommendation is not binding on the government. The council decided the candidate, Kittiratt na Ranong, was ineligible …
BEIJING (Reuters) – CAS Space, one of China’s leading commercial rocket firms, said its Lijian-1 rocket unexpectedly failed on Friday, marking the first setback for the company’s main launch vehicle since its inaugural flight in 2022. Until now, CAS Space, a Guangzhou-based commercial spin-off of the Chinese Academy of Sciences, had successfully launched a total …
China’s fast-expanding commercial space sector logs rare rocket failure Read More »
By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -Core inflation in Japan’s capital accelerated in December while services inflation held steady, data showed on Friday, keeping alive market expectations for a near-term interest rate hike. Factory output, however, fell in November for the first time in three months, suggesting that softening overseas demand was taking …
Inflation in Japan’s capital accelerates, keeps rate hike prospects intact Read More »
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s export growth is expected to have risen in December for a 15th straight month, but analysts feel momentum could moderate in the year ahead as concerns about possible U.S. tariffs heat up, a Reuters poll showed on Friday. Outbound shipments from Asia’s fourth largest …
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as …
China’s Nov industrial profits narrow decline but 2024 likely worst year in decades Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba’s cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue. However, Ishiba’s minority government faces a tough political battle with opposition parties to …
Japan’s cabinet approves record budget, faces tough parliament fight Read More »
HANOI (Reuters) – Vietnam will impose an anti-dumping levy of 97% on wind towers originating from China following a 15-month investigation, the trade ministry said. The tariff is expected to take effect 15 days from the date of signing and will be in place for five years, the ministry said in a statement dated December …
Vietnam says to impose 97% anti-dumping duty on Chinese wind towers Read More »
BEIJING (Reuters) – Chinese electric vehicle giant BYD is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website. Both Song Pro DM-i and Qin Plus EV are now priced from 99,800 yuan ($13,673), down 11.5% and 9.1% respectively from their previous sticker prices. ($1 = 7.2990 Chinese …
China’s BYD offers year-end discounts of up to 11.5% Read More »
BEIJING (Reuters) – China said on Friday it will retain anti-dumping duties on n-butanol imports originating in Taiwan, Malaysia and U.S. for a period of five years from Dec 29. “The Ministry of Commerce ruled that if the anti-dumping measures are terminated, dumping of imported n-butanol originating in Taiwan, Malaysia and the United States to …
China to keep anti-dumping duties on n-butanol imports from Taiwan, Malaysia and US Read More »
