Reuters Asia Business

By Kevin Yao, Joe Cash and Ethan Wang BEIJING (Reuters) – China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more U.S. trade tariffs under a second Trump administration. The mixed data underline how challenging it will be …

China’s weak consumption drags on economy as Trump tariff threat looms Read More »

BEIJING (Reuters) – Chinese home appliance manufacturer Gree Electric has developed its own chips, Chinese local media reported on Monday citing its chairwoman, six years after the firm embarked on efforts to do so. Dong Mingzhu, told news portal Sina.com that the company had achieved capabilities in chip research, design, and manufacturing, all without funding …

China’s Gree can now make its own chips, local media reports Read More »

By Stefanno Sulaiman and Bernadette Christina JAKARTA (Reuters) -Indonesia on Monday decided to go ahead with a wide-ranging increase in the value-added tax rate to 12% next year, reversing a plan to only apply the hike to luxury goods, but will introduce measures to soften the blow on lower-income earners. By law, the value-added tax …

Indonesia presses ahead with VAT hike across the board, not only luxury goods Read More »

By Casey Hall SHANGHAI (Reuters) – Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more than 500,000 people. While that is a drop in the vast ocean of China’s consumer market, Feng …

China’s Instagram-like Xiaohongshu making inroads with e-commerce sales Read More »

By Liangping Gao, yukun zhang and Ryan Woo BEIJING (Reuters) -China’s home prices fell at the slowest pace in 17 months in November, with the crisis-hit property market showing signs of stabilising in some major cities amid government efforts to revive the real estate sector. New home prices were down 0.1% in November from a …

China sees slowest home price decline in 17 months amid signs of stabilisation Read More »

By Amy Lv and Mei Mei Chu BEIJING (Reuters) -China’s crude steel output in November fell 4.3% from October, official data showed on Monday, dampened by tighter margins and seasonally weakening downstream steel consumption. The world’s largest steel manufacturer produced 78.4 million metric tons of crude steel last month, down from 81.88 million tons in …

China Nov crude steel output falls on shrinking margins, demand Read More »