New Zealand’s Ardern says differences with China becoming harder to reconcile
Differences between New Zealand and its top trading partner China are becoming harder to reconcile as Beijing’s role in the world grows and changes, Prime Minister Jacinda Ardern said on Monday. The comments come as New Zealand faces pressure from some elements among Western allies over its reluctance to use the Five Eyes intelligence and […]
Record number of Chinese to travel over Labour Day break, but stick close to home
A record-breaking wave of Chinese tourists will hit the road for the Labour Day break, and with borders still shut many will be travelling domestically, to more remote locations and for longer, giving China’s economy a powerful short-term boost. The holiday will be China’s first long break in largely COVID-free conditions, and will unleash months […]
Biden pleads for unity, warns of Chinese threat, in speech to Congress
President Joe Biden proposed a sweeping new $1.8 trillion plan in a speech to a joint session of Congress on Wednesday, pleading with Republican lawmakers to work with him on divisive issues and to meet the stiff competition posed by China.
China to bring solar and wind power generation to 11% of total electricity use in 2021
China has flagged it will seek to raise its power generation from solar and wind plants to around 11% of the country’s total power consumption in 2021, from 9.7% in 2020, said the National Energy Administration (NEA) in a draft rule on Monday. Chinese President Xi Jinping has announced that China will boost the share […]
Analysis: Beijing huddles with friends, seeks to fracture U.S.-led ‘clique’
China is shoring up ties with autocratic partners like Russia and Iran, as well as economically dependent regional countries, while using sanctions and threats to try to fracture the alliances the United States is building against it. Worryingly for Beijing, diplomats and analysts say, the Biden administration has got other democracies to toughen up to […]
A tale of two carmakers: GM and Toyota take different electric roads in China
Toyota (7203.T) pioneered the world’s most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China.
World stocks hit record high as bond yields ease
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens.
China March new bank loans rise but broad credit growth eases
BEIJING (Reuters) – New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. Chinese banks extended 2.73 trillion yuan ($416.62 billion)in new yuan loans in March, up […]
Exclusive: China’s Didi picks Goldman, Morgan Stanley for mega U.S. IPO – sources
HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge of the matter said. Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking […]
Nissan’s China passenger and light vehicle sales jump 70.6% in first quarter
SHANGHAI (Reuters) – Nissan Motor Co’s passenger and light vehicle business in China increased unit sales by 70.6% year on year in the first three months of 2021, the company said in a statement on Wednesday. The division sold 352,352 vehicles in the quarter. Reporting by Josh Horwitz; Editing by David Goodman Our Standards: The Thomson […]
