BEIJING/SHANGHAI (Reuters) -China’s internet platforms are quietly reviving consumer lending, taking Beijing’s push to make household borrowing cheaper as a signal that regulators may be easing a years-long crackdown on the sector, four industry sources said. Beijing began reining in what it described as “disorderly expansion” by internet platforms in 2020 by pulling the IPO …
BEIJING (Reuters) -China has suspended sanctions on U.S.-linked subsidiaries of South Korea’s Hanwha Ocean Co Ltd for a year, its commerce ministry said on Monday. The suspension of sanctions imposed on October 14 takes effect immediately, the ministry statement said. (Reporting by Liz Lee and Beijing newsroom; Editing by Tom Hogue)
TOKYO (Reuters) -The Bank of Japan should avoid raising interest rates in December and wait at least until January next year to support a fragile economy, Takuji Aida, an economist chosen to join a key government panel, told the Nikkei newspaper. The government should cushion the blow to households from rising living costs with big …
BOJ should avoid December rate hike, says Takaichi’s economic adviser Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers saw a growing case to raise interest rates in the near term, with some calling for the need to ensure companies’ wage-hike momentum will be sustained, a summary of opinions at the October meeting showed on Monday. Of the 13 opinions on monetary policy from the …
BOJ saw growing case for near-term rate hike, October meeting summary shows Read More »
By Kevin Yao and Lewis Jackson BEIJING (Reuters) -China has suspended a ban on exports of gallium, germanium and antimony to the U.S., its commerce ministry said on Sunday, although the three metals remain subject to broader export controls requiring shippers to first get licences from Beijing. China restricted exports of the three metals between …
China halts ban on gallium, germanium, antimony exports to US, but controls remain Read More »
TOKYO (Reuters) -Japan’s government will urge the central bank to focus on achieving strong economic growth accompanied by stable prices in an outline of its stimulus package, a draft of the outline seen by Reuters showed on Monday. The comment likely underscores Prime Minister Sanae Takaichi’s preference for the Bank of Japan to keep interest …
Japan’s stimulus plan to urge BOJ focus on boosting growth, draft outline shows Read More »
(Reuters) -China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. The Ministry of Commerce told some rare earth exporters they will be able to apply for new streamlined permits in …
By Kevin Yao and Yukun Zhang BEIJING (Reuters) -China’s producer price deflation eased in October and consumer prices returned to positive territory, data showed on Sunday, as the government steps up efforts to curb over-capacity and cut-throat competition among firms. Despite the improvement in headline numbers, analysts warn that deflationary pressures on the world’s second-largest …
China’s factory-gate deflation eases in October, consumer prices rise Read More »
By Eduardo Baptista BEIJING (Reuters) -China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers. The announcement is the strongest signal yet from Beijing that it will ease pressure on the …
China grants exemptions to export curbs on Nexperia chips for civilian use Read More »
(Corrects paragraph 1 of November 7 story to show that Volkswagen’s China chief said the industry, not VW specifically, was receiving chips again) FRANKFURT (Reuters) -Carmakers have received their first deliveries of chips from Chinese-owned semiconductor manufacturer Nexperia after a supply outage, Volkswagen’s China chief told German daily Handelsblatt. The Dutch government had seized control …
Volkswagen says Nexperia chip supply has resumed Read More »
