SHANGHAI (Reuters) – China and the United States must pursue dialogue rather than confrontation and avoid the mistakes made during the Cold War, top Chinese diplomat Wang Yi said on Sunday in his first public comments since his appointment as head of the ruling Communist Party’s foreign affairs office. Wang was replaced as China’s foreign …

China’s top diplomat calls for ‘dialogue’, cooperation with U.S. Read More »

SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last year. Official guidance prices will rise by between 2,000 yuan ($290) and 6,000 yuan for its various models, the company said on its …

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SEOUL (Reuters) – The head of South Korea’s central bank said on Sunday it would likely face an increasing conflict between policy goals in 2023 as the effect of the recent aggressive policy tightening materialises in earnest. “It will be a year when a sophisticated policy mix is more important than ever due to a …

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SYDNEY (Reuters) – Travellers from China to Australia will need to submit a negative COVID-19 test from Jan. 5, Australian health minister Mark Butler said on Sunday, joining other nations that have implemented similiar restrictions as cases surge in China. This is a measure taken out of an abundance of caution, Butler told a news …

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By Choonsik Yoo SEOUL (Reuters) -South Korea’s exports in December fell from a year earlier for the third consecutive month, data showed on Sunday, with the outlook clouded by a Chinese economy fighting a surge in COVID-19 cases at a time of slowing global growth. South Korea is the first major exporting economy to release …

South Korea’s president vows ‘export first’ policy as Dec exports fall Read More »

BEIJING(Reuters) – China’s home prices fell at a faster pace in December, according to a private survey on Sunday, reflecting persistently weak demand amid rising COVID-19 cases despite a slew of support measures. China’s property market crisis worsened this summer, with official data showing home prices, sales and investment all falling in recent months, adding …

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SHANGHAI (Reuters) – A U.S. military plane involved in a confrontation with Chinese aircraft in disputed southern waters last week had violated international law and put the safety of Chinese pilots at risk, a defence ministry spokesman said. The U.S. military said on Thursday that a Chinese Navy J-11 fighter jet had come within 10 …

China accuses U.S. of distorting facts after aircraft clash Read More »