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Ford suppliers receive China's new streamlined rare-earth licences

Ford suppliers receive China's new streamlined rare-earth licences

By Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licences issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.

Exclusive-Taiwan's deputy foreign minister made secret trip to Israel, sources say

Exclusive-Taiwan's deputy foreign minister made secret trip to Israel, sources say

TAIPEI/JERUSALEM, Dec 11 (Reuters) - Taiwan's high-profile Deputy Foreign Minister Francois Wu made a previously unpublicised visit to Israel recently, three sources familiar with the trip told Reuters, at a time when Taiwan is looking to the country for defence cooperation.

Analysis-How China Inc is marching into Vietnam amid US tariffs

Analysis-How China Inc is marching into Vietnam amid US tariffs

By Francesco Guarascio HANOI, Dec 10 (Reuters) - Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties.

Beijing Urges Resolution of Nexperia Chip Disputes with European Trade Groups

Beijing Urges Resolution of Nexperia Chip Disputes with European Trade Groups

Beijing is pressing Berlin and German, as well as European auto trade groups, to help resolve ongoing disputes involving Nexperia, a semiconductor company. Nexperia, which relies heavily on its Chinese subsidiary for chip packaging and testing, has faced operational challenges since Beijing relaxed control over chip exports in mid-October. The company has expressed concerns that its subsidiary is not adhering to operating instructions, complicating its operations.

Taiwan's Deputy Foreign Minister's Secret Visit to Israel Highlights Defense Cooperation

Taiwan's Deputy Foreign Minister's Secret Visit to Israel Highlights Defense Cooperation

Taiwan's Deputy Foreign Minister Francois Wu recently made an unpublicized visit to Israel, as reported by sources familiar with the trip. This visit comes at a time when Taiwan is seeking to enhance defense cooperation with Israel. Taiwan, under pressure from Beijing, maintains limited formal diplomatic ties, and such visits to countries like Israel are rare. Despite this, Taiwan views Israel as a significant democratic partner, especially after offering support following the October 2023 Hamas attack on Israel. The visit is part of increased engagement between the two nations, focusing on mutual interests in technology and defense. Taiwan's new multi-layered air defense system, T-Dome, is partly modeled on Israel's Iron Dome, reflecting the shared defense challenges both countries face. Taiwan's foreign ministry has not commented on the visit, and details of Wu's meetings in Israel remain undisclosed.

Wingtech asks Nexperia custodians to China for control talks, source says

Wingtech asks Nexperia custodians to China for control talks, source says

AMSTERDAM, Dec 10 (Reuters) - Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, has invited the court-appointed custodians of its Dutch unit to Beijing for talks on control of the company, a source familiar with the dispute told Reuters.

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged China to accelerate its shift from an export-driven growth model to one that relies more on domestic consumption. Speaking in Beijing, Georgieva emphasized that as the world's second-largest economy, China's continued dependence on exports could exacerbate global trade tensions. She highlighted the need for China to implement its long-standing plan to boost domestic consumption, which would benefit both China and the global economy. The IMF has also raised its forecast for China's economic growth next year to 4.5%, citing domestic stimulus and lower-than-expected tariffs. Georgieva's comments come amid heightened trade tensions between China and the U.S., as well as concerns from Europe and Mexico over the influx of Chinese goods.

Beijing Court Orders Malaysia Airlines to Compensate MH370 Victims' Families

Beijing Court Orders Malaysia Airlines to Compensate MH370 Victims' Families

A Beijing court has mandated Malaysia Airlines to pay 2.9 million yuan ($410,000) to each of the families of eight passengers who disappeared on Flight MH370. The court's decision includes compensation for the death of the passengers, funeral expenses, and emotional distress damages. Flight MH370 vanished in 2014 while en route from Kuala Lumpur to Beijing, carrying 239 passengers and crew. Despite extensive searches, the fate of the aircraft and its passengers remains unknown, though they have been declared legally dead. The majority of the passengers were Chinese nationals, and their families have persistently sought answers. The court also noted that 23 additional cases are still pending, while 47 families have settled with the airline and withdrawn their lawsuits. The Malaysian government recently announced that a new search for the missing plane will commence on December 30.

Beijing court orders Malaysia Airlines to pay damages to families of MH370 victims

Beijing court orders Malaysia Airlines to pay damages to families of MH370 victims

A Beijing court has ruled Malaysia Airlines must pay $410,000 each to the families of eight passengers who went missing in the disappearance of Flight 370 more than a decade ago

Beijing Urges Berlin and European Auto Groups to Address Nexperia Chip Disputes

Beijing Urges Berlin and European Auto Groups to Address Nexperia Chip Disputes

Beijing is pressing Berlin and European auto trade groups to help resolve ongoing disputes involving Nexperia, a semiconductor company with significant operations in China. Nexperia has raised concerns about its China subsidiary's compliance with operating instructions, despite Beijing's recent relaxation of chip export controls. The situation highlights the complexities of international trade and the challenges faced by companies operating across different regulatory environments. The resolution of these disputes is crucial for maintaining the stability of the semiconductor supply chain, which is vital for the automotive industry.

China's CSRC Urges Brokerages to Enhance Global Financial Competitiveness

China's CSRC Urges Brokerages to Enhance Global Financial Competitiveness

The China Securities Regulatory Commission (CSRC) is pushing the country's brokerage industry to accelerate the development of top-tier investment banks capable of competing globally. This initiative is part of China's broader strategy to become a global financial powerhouse and achieve technological self-reliance. CSRC Chairman Wu Qing emphasized the need for securities companies to support Beijing's tech self-reliance strategy by facilitating fundraising and mergers in sectors like artificial intelligence, biopharmaceuticals, and green energy. The CSRC plans to ease restrictions on large, high-quality securities firms, allowing them greater access to leverage and capital, while applying different criteria to smaller and foreign-invested firms.

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Li Qiang has highlighted the negative impact of higher tariffs on the global economy, despite China's trade surplus surpassing $1 trillion. Speaking at a forum in Beijing, Li noted that the tariffs, which have been implemented by various countries, have significantly harmed global economic activity. Although Chinese exports to the United States have decreased, this has been offset by increased exports to other markets. The trade surplus has been bolstered by a 5.9% rise in exports from the previous year. The remarks come as China continues to focus on strengthening its domestic economy and technological advancements, with the Central Economic Work Conference outlining plans for the country's economic strategy through 2030.