Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals and investments.
Western Firms That Flocked to China Are Now Pulling Back
As China’s growth slows and the difficulty of doing business there rises, Western companies have stopped plowing money into the country.
Indonesia’s industry ministry floats incentives to make sweet drinks excise less bitter
JAKARTA: The Industry Ministry has floated the idea of giving incentives to sweetened beverage producers to counter an excise on their products that may kick in at the turn of the year.
Sharia economy to drive transformation in Indonesia, world: BI
Sharia economy and finance will drive economic transformation in Indonesia and the world, according to Senior Deputy Governor of Bank Indonesia (BI) Destry …
India’s Mahindra & Mahindra Financial to expand mortgage business
India’s Mahindra & Mahindra Financial Services said on Friday it will expand its mortgage loan business to further strengthen its presence in the financial services sector.
Ford will tap closed India factory to export
Ford will likely use the Indian plant, a source of low-cost production, to export to key markets, and possibly China, where it and other global automakers are losing ground to domestic rivals.
China’s Legislature Approves Draft Proposal to Raise Retirement Age
HONG KONG (Reuters) – China’s top legislative body has approved a draft proposal to raise the retirement age in the country, the official Xinhua news agency said on Friday, accelerating a move towards …
China mortgage cut is start of confidence rebuild
Chinese policymakers are planning to cut interest rates on existing mortgages by around 80 basis points as soon as this month, Bloomberg reported on Thursday, citing people familiar with the matter.
End of the golden age of iron ore? China’s property market falters and demand drops
It has been been 51 years since Rio Tinto’s first shipment from its iron ore heartlands in north-west Australia to China – then ruled by Chairman Mao.
US companies see record-low profits in China amid geopolitical tensions and slow growth, report says
A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.