Beijing
China has expanded its trade-in program to boost consumer spending on home appliances.The program, launched in March, includes subsidies and has shown positive results.China faces economic challenges including deflation fears and low consumer demand.China’s cautious consumers are spending less, prompting Beijing to dish out incentives even for small home goods.On…
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing. Just over a year after launching its anti-subsidy probe, the European…
Fresh signs of deflation in China are stoking demand for national stimulus to revive the economy.Consumer prices rose by 0.4% in September, while producer prices fell by 2.8%.China’s headwinds include a burst property bubble, high youth unemployment, and threats to exports. Chinese officials are under mounting pressure to stimulate the…
By Sybille de La Hamaide COGNAC, France (Reuters) – In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worried than most. Bouetard runs the MG Motor dealership in Cognac, making…
Lai Ching-te on Sunday said it’s “impossible” that China would become Taiwan’s “motherland.”He cited the ages of Beijing and Taipei’s governments, saying that China’s is far younger.The statement is yet another of Lai’s challenges to Beijing, as cross-strait tensions brew. Taiwanese President Lai Ching-te on Sunday challenged the idea that…
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – Offshore share offering plans of at least three Chinese bubble tea makers have been put on hold by the securities regulator due to the dour market performance of peers in Hong Kong amid weaker consumer sentiment at home,…
Two German warships are visiting the Philippines for the first time in over 20 years after making a notable transit through the Taiwan Strait.The port call, which Germany said is a reaffirmation of its commitment to a free and open Indo-Pacific region and rules-based international order, rhetoric commonly used by…
BEIJING (Reuters) – BYD (SZ:) has significantly ramped up hiring, increasing its workforce to more than 900,000 people as of Friday, a senior manager said, making the Chinese electric vehicle giant one of the largest employers in the country. The move comes as the Chinese government has been prioritising a…
