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REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - China is upping the critical minerals stakes by curbing exports of graphite, a key raw material in electric vehicle batteries. There is much potential for further escalation in this unfolding critical minerals battle between China and the West. Previous restrictions on lower-grade graphite exports destined for the steel and lubricants sectors have been rescinded. The world's graphite supply chain could well be in for a similar short-term shock. Western governments are still evaluating their response, waiting like the rest of us to see how China's graphite volumes play out in the coming months.

Persons: Fabian Bimmer, Wei Jianguo, Wei, Biden, Obama, Trump, Adam Hodge, China's Wei, David Evans Organizations: Volkswagen, REUTERS, Commerce, U.S, Chips, Benchmark Minerals, U.S . Department, Department of Defense, EV, World Trade Organization, European Union, WTO, Thomson, Reuters Locations: Salzgitter, Germany, China, U.S, Alaska, Australia, Japan

☆ China curbs graphite exports in latest critical minerals squeeze
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

Here are key details on graphite and China's limits on exports of strategic minerals. That's about double the amount of lithium in an EV battery. China also refines more than 90% of the world's graphite into material used in virtually all EV battery anodes. Top buyers of graphite from China include Japan, the U.S., India and South Korea, according to Chinese customs data. OTHER CHINESE MINERAL EXPORT CURBSIn July, China announced export restrictions on eight gallium and six germanium products starting on Aug. 1.

Persons: Tony Munroe, Amy Lv, Christian Schmollinger Organizations: REUTERS, Rights, . Geological Survey, EV, Mercedes, Benchmark Mineral Intelligence, Thomson Locations: Qingdao, Shandong province, China, Rights SINGAPORE, Mozambique, Madagascar, Brazil, Japan, U.S, India, South Korea

☆ Coal industry faces 1 million job losses from global energy transition - research
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Dorothy Mei, project manager for GEM's Global Coal Mine Tracker, said governments needed to make plans to ensure workers do not suffer from the energy transition. GEM looked at 4,300 active and proposed coal mine projects around the world covering a total workforce of nearly 2.7 million. China's coal industry, the world's biggest, currently employs more than 1.5 million people, GEM estimated. Of the 1 million job global job losses expected by 2050, more than 240,000 will be in the province of Shanxi alone. "The coal industry, on the whole, has a notoriously bad reputation for its treatment of workers," said Ryan Driskell Tate, GEM's program director for coal.

Persons: Dorothy Mei, Ryan Driskell Tate, GEM's, David Stanway, Sonali Paul Organizations: REUTERS, Rights, Global Energy Monitor, GEM's, GEM, Thomson Locations: Hebei province, China, Rights SINGAPORE, India, U.S, Shanxi

☆ IMF says global economy 'limping along', cuts growth forecast for China, euro zone
▼ + stars: | 2023-10-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +7 min

China Daily via REUTERS Acquire Licensing RightsSummary Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts outlook for China, euro areaMARRAKECH, Morocco, Oct 10 (Reuters) - The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the U.S. economy. In its latest World Economic Outlook, the IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0% but cut its 2024 forecast to 2.9% from its July forecast of 3.0%. Even in 2028, the IMF is projecting global growth of just 3.1%. You put all these things together and you have a slowdown in medium-term growth," Gourinchas told Reuters. If the real estate crisis deepened, China's growth could be lowered by as much as 1.6% percentage point, which in turn would knock 0.6 percentage points off global growth, Gourinchas said.

Persons: Pierre, Olivier Gourinchas, Gourinchas, It's, it's, Andrea Shalal, Andrea Ricci, Catherine Evans Organizations: REUTERS Acquire, IMF, Monetary Fund, World Bank, Reuters, Research, Labor, U.S, autoworkers, Thomson Locations: Jinhua, Zhejiang province, China, MARRAKECH, Morocco, U.S, COVID, Ukraine, Israel, Marrakech, United States, Japan

☆ China launches first cross-sea bullet train line near Taiwan Strait
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

A bullet train speeds during its debut near a railway station in Shanghai January 28, 2007. A bullet train departed from Fuzhou, the capital of east China's Fujian province Thursday morning, setting up the opening of the 277-km (172-mile) Fuzhou-Xiamen-Zhangzhou railway, Xinhua reported. China Railway Siyuan Survey and Design Group Co Ltd designed the railway project. China recently announced details of its plan to turn Fujian into a zone for integrated development with Taiwan, which sits opposite the province. Separately, earlier this week China unveiled its first commercial suspended monorail line in Wuhan, the capital of Hubei province.

Persons: Aly Song, Bernard Orr, Christian Schmollinger Organizations: REUTERS, Rights, China State Railway Group Co, China Railway Siyuan Survey, Design, China Daily, Thomson Locations: Shanghai, CHINA, Rights BEIJING, China, Fujian, Taiwan Strait, Fuzhou, Xiamen, Zhangzhou, Xinhua, Taiwan, Wuhan, Hubei province, Beijing

That means the relationship between the two nations is interlaced and complex and far more nuanced than much of the debate might have suggested. “We need a totally new approach to China,” DeSantis said in the first half hour of the debate. “We’re going to have economic independence from China, where we’re decoupling our economy.”But the two economies are in fact deeply intertwined, and still depend on each other despite rising tension. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security. “We benefit greatly from access to cheaper products, a wide array of products and products in some cases where China has a technological lead.

Persons: Ron DeSantis, Vivek Ramaswamy, Doug Burgum, ” DeSantis, “ We’re, Janet Yellen, ”, Gina Raimondo, Yellen’s, ” Raimondo, ‘, “, Laxman, Jamie Dimon, Tim Cook, Eric Zheng, Burgum, Vladimir Putin, China —, Biden Organizations: CNN, Florida Gov, North Dakota Gov, Republican, US, Elon, Tesla, Starbucks, JPMorgan, Apple, American Chamber of Commerce, Geological Service Locations: China, ”, United States, Beijing, Shanghai, Moscow, Washington

☆ China's industrial profits extend slump for Jan-Aug, but pace of downturn eases
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

NBS statistician Yu Weining said in an accompanying statement that "a series of policies to promote macroeconomic recovery" last month's underpinned earnings. The breakdown in NBS data indicated that there was still some way to go for a robust recovery in overall earnings growth. Profits at state-owned firms slid 3.8% in first eight months, and fell 1.3% for foreign firms while private-sector companies saw earnings shrink 6.1%, the data showed. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations. Reporting by Qiaoyi Li and Ryan Woo and Beijing newsroom Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruce Pang, Jones Lang Lasalle, Yu Weining, Qiaoyi Li, Ryan Woo, Shri Navaratnam Organizations: REUTERS, Rights, National Bureau of Statistics, Jones, NBS, Thomson Locations: Lianyungang, Jiangsu province, China, Rights BEIJING, Beijing

HANGZHOU, China (AP) — A month before the Asian Games, China released a new national map, doubling down on its claims to almost the entire South China Sea and disputed border territories with India. At the games themselves, however, outward aggression has taken a backseat to unctuous charm as China sought to win the hearts of more than 40 Asian nations and regions by dazzling them with technology and slathering them with praise. “The Asian Games embodies the Asian people’s shared desire for peace, unity and inclusiveness,” Xi told them, according to his prepared remarks. Signs around Hangzhou billed the city as a “paradise on earth” while China adopted the motto “heart to heart” for the Asian Games, which feature some 12,000 competitors - more than the summer Olympics - from across Asia and the Middle East. “This will undoubtedly open new prospects for cultural exchanges, cultural integration and people-to-people bonds in Asia,” the Chinese Communist Party’s official People’s Daily wrote Monday in an effusive editorial about the Hangzhou games.

Persons: Xi Jinping, ” Xi, “ Xi, ”, Xi, Wang Wenbin, “ Organizations: Games, South China, Asian Games, Communist, Daily, Foreign Ministry, U.S Locations: HANGZHOU, China, India, Taiwan, Beijing, Hangzhou, South, Indonesia, Vietnam, Malaysia, Brunei, Philippines, Taipei, Asia, Fujian Province, Philippine, South China, Washington, ’, Pacific

☆ China EV adviser sees tech tie-ups resolving EU trade conflicts
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. Meanwhile, European automakers can also leverage China's EV technologies to accelerate their transition to electrification, he added. Chinese EV maker Xpeng (9868.HK) in July struck a deal with Volkswagen (VOWG_p.DE) to jointly build two new models based on Xpeng's EV platform in China. Others, like LeapMotor (9863.HK) are also seeking to license its EV technologies to foreign partners. Chinese battery maker CATL (300750.SZ) has been ramping up its German plant and is building another site in Hungary.

Persons: Dong Yang, EVs, Ursula von der Leyen, Zhang Yan, Brenda Goh, David Evans Organizations: REUTERS, Rights, European Commission, EV, China's Ministry of Machinery, BAIC Group, Gang, Munich IAA, European, Xpeng, HK, Volkswagen, Thomson Locations: Jinhua, Zhejiang province, China, Europe, Munich, Hungary

☆ China August industrial output, retail sales growth beat expectations
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

An employee inspects a circuit board on the controller production line at a Gree factory, following the coronavirus disease (COVID-19) outbreak in Wuhan, Hubei province, China August 16, 2021. The data released on Friday by the National Bureau of Statistics (NBS) beat expectations for a 3.9% increase in a Reuters poll of analysts, and marked the quickest rate since April. Retail sales, a gauge of consumption, also grew at a faster 4.6% pace in August aided by the summer travel season, and was the quickest growth since May. Fixed asset investment expanded 3.2% in the first eight months of 2023 from the same period a year earlier, versus expectations for a 3.3% rise. Reporting by Albee Zhang, Ellen Zhang and Joe Cash Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Albee Zhang, Ellen Zhang, Joe Cash, Shri Navaratnam Organizations: REUTERS, Rights, National Bureau of Statistics, Thomson Locations: Wuhan, Hubei province, China, Rights BEIJING, U.S

Retail sales, a gauge of consumption, also increased at a faster 4.6% pace in August aided by the summer travel season, and was the quickest growth since May. The upbeat data suggest that a flurry of recent measures including property support policies to shore up a faltering economic recovery are starting to bear fruit. "Despite signs of stabilisation in manufacturing and related investment, the deteriorating property investment will continue to pressure economic growth," said Gary Ng, Natixis Asia Pacific senior economist. Ng said confidence remains the root of most problems requiring larger "constructive policy and regulatory changes" to boost growth momentum. For August, property investment extended its fall, down 19.1% year-on-year from a 17.8% slump the previous month, according to Reuters calculations based on NBS data.

Persons: Gary Ng, Ng, Albee Zhang, Liangping Gao, Kevin Yao, Shri Navaratnam Organizations: REUTERS, National Bureau of Statistics, Natixis Asia Pacific, Thomson Locations: Wuhan, Hubei province, China, BEIJING, U.S

☆ China to give $200,000 to earthquake-stricken Morocco
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Emergency crews work, in the aftermath of a deadly earthquake, in Amizmiz, Morocco, September 10, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsBEIJING, Sept 11 (Reuters) - The Red Cross Society of China will give the Moroccan Red Crescent $200,000 for emergency humanitarian assistance, Chinese state media reported on Monday, after a deadly earthquake struck the North African country late on Friday. The Chinese Red Cross said the donation will be used to help Morocco carry out rescue and disaster relief work, according to the China Daily. Chinese medical workers in Morocco have been actively helping victims, including during aftershocks, state broadcaster CGTN reported. Video in Chinese state media showed a Chinese doctor holding a baby delivered right after the 6.8 earthquake hit the region, killing more than 2,100.

Persons: Nacho, Cross, Xi Jinping, King Mohammed VI, Ben Guerir, Bernard Orr, Raju Gopalakrishnan Organizations: REUTERS, Rights, Cross Society of China, Crescent, China Daily, CGTN, Thomson Locations: Amizmiz, Morocco, Rights BEIJING, Moroccan, China, Ben

☆ India imposes anti-dumping duty on some Chinese steel for 5 years
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

China Daily via REUTERS Acquire Licensing RightsSept 11 (Reuters) - India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification. On Sept 4, India's steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over potential dumping by Chinese sellers. During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier. In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier. China, the world's top steel producer, exported mostly cold- rolled coil or sheets to India.

Persons: Nagendra Nath Sinha, Shivani Tanna, Mayank Bhardwaj, Chris Reese, Leslie Adler Organizations: REUTERS Acquire, Thomson Locations: Lianyungang, Jiangsu province, China, India, New Delhi, South Korea

☆ In U.S.-China AI contest, the race is on to deploy killer robots
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +26 min

In this high-tech contest, seizing the upper hand across fields including AI and autonomous weapons, like Ghost Shark, could determine who comes out on top. This could become critical if the United States intervened against an assault by Beijing on Taiwan. Cheap and expendableThe AI military sector is dominated by software, an industry where change comes fast. Still, the available disclosures of spending on AI military research do show that outlays on AI and machine learning grew sharply in the decade from 2010. The Costa-Mesa, California-based company now employs more than 1,800 staff in the United States, the United Kingdom and Australia.

Persons: America’s, Shane Arnott, Anduril, ” Arnott, Arnott, ”, “, Mick Ryan, Eric Schmidt, hasn’t, Lloyd Austin, –, Stuart Russell, Russell, Kathleen Hicks, “ We’ll, Palmer Luckey, Luckey, ” Arnott didn’t, Biden, Tsai Ing, Frank Kendall, Datenna, Martijn Rasser, Feng Yanghe, Feng, Palmer, ” Anduril, Arnott wouldn’t, David Lague, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: Australian Navy, Ghost Sharks, Sharks, Reuters, Defense, Australian, Chinese Communist Party, Beijing, People’s Liberation Army, PLA, Department of Defense, Pentagon, Australia’s Department of Defence, Australian Defence Force, Technologists, University of California, U.S ., U.S, Teledyne FLIR, Facebook, VR, Military, . Air Force, FH, U.S . Central Intelligence Agency, Department, Statistics, Harvard University, Biden Administration, Special, Command, Ministry of Defense, Veteran Locations: China, Australia, United States, Sydney, Britain, Japan, Singapore, South Korea, Europe, Asia, Ukraine, ”, America, U.S, Taiwan, East Asia, Beijing, Russian, Berkeley, Fort Campbell , Tennessee, Kenya, “, Russia, Colorado, Zhuhai, Netherlands, Costa, Mesa , California, United Kingdom, Virginia, Canberra, Washington

☆ Workers Plow Through Great Wall of China, Leaving a Hole
▼ + stars: | 2023-09-05 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

Two workers have been detained in northern China after local authorities said they plowed through a section of the country’s Great Wall with an excavator, leaving a gaping hole. The security bureau said it was first notified of the hole in a section of wall, near the township of Yangqianhexiang, about 215 miles east of Beijing, on the afternoon of Aug. 24. Law enforcement officers rushed to the scene to find that a piece of the wall, believed to have been constructed by the Ming dynasty between the 14th and 17th centuries, had been severely “excavated and damaged by large-scale machinery,” the bureau said. The man, named in the release as Zheng, and the woman, named as Wang, are from the autonomous region of Inner Mongolia in the country’s north and were taken in for investigation, the bureau added. They have been charged with destroying a cultural relic, The China Daily, a state-owned media outlet, reported.

Persons: Zheng, Wang Organizations: Public Security Bureau Locations: China, Youyu, Yangqianhexiang, Beijing, Inner Mongolia

☆ Two people have been accused of using an excavator to destroy part of the Great Wall of China to create a shortcut
▼ + stars: | 2023-09-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Two people have been accused of destroying part of the Great Wall of China with an excavator. The pair reportedly wanted to create a path cutting through the Ming-dynasty portion of the wall as a shortcut, according to CNN. The damage has affected the structural integrity of that portion of the Great Wall, and it was "beyond repair," state-owned newspaper China Daily reported. AdvertisementAdvertisementThe earliest segments of the Great Wall, which stretches for over 4,000 miles across China, were first created in the third century BC. The damage to the Great Wall is this summer's latest example of a world-historical landmark facing purposeful damage.

Persons: Vespasian Organizations: CNN, Service, China . Police, China Daily, UNESCO, Smithsonian Magazine Locations: China, Wall, Silicon, Shanxi, Northeastern China

Excerpts from recent editorials in the United States and abroad:Aug. 31The Washington Post on sexism in the U.S. militaryNearly eight years ago, the United States opened up all military combat roles to women, clearing a pathway for female service members to join the most elite military forces. Women at multiple military bases reported that other soldiers would bang on their doors in the middle of the night. Even a program that once represented the highest ideals of the United States — its compassion, its expertise and its resources — is becoming a casualty of the country’s most destructive and divisive forces. Lack of adequate cooling during hot summers has plagued Southern states for decades, but climate change has now made it a problem in Northern states as well — Michigan, Minnesota, South Dakota, Indiana. Ukraine received the first batch of uranium munitions from the United Kingdom in March to use in its UK-made Challenger 2 tanks.

Persons: Soldiers, “, ”, George W, Bush, Anthony Fauci, Mark Dybul, PEPFAR, Henry Hyde, Dave Weldon, H.I.V, Hyde, Weldon, Biden, MAGA, Biden’s, Mr, Chris Smith of, Smith, Roe, Wade, Tommy Tuberville, Susan B, Anthony Pro, ” Nyserda, Don’t, Louisianans, it’s, commissaries, Joe Arpaio, let’s, perceptibly Organizations: Washington, Green, Ranger Regiment, Green Berets, Army Rangers, Special Operations, Army Special Operations Command, Special Forces, Army, Command, New York Times, Democrats, Republicans, Catholic Church, Republican Party, AIDS Relief, Republican, Heritage Foundation, Biden, Mr, PEPFAR, America, Family Research, United, New York State Energy Research, Development Authority, Alliance, Clean Energy, Alliance for Clean Energy, Developers, Micron Technology, Los Angeles Times, Staff, Prisons, US State Department, US Locations: United States, U.S, Afghanistan, Africa, Illinois, Florida, Chris Smith of New Jersey, Alabama, New York, Ukraine, California , Connecticut, Hawaii , Indiana , Maine , Maryland , Massachusetts, Michigan , New Jersey, New Mexico, Rhode Island, New Hampshire, Vermont, Louisiana, Angola, Texas, Southern, Michigan, Minnesota, South Dakota , Indiana, Maricopa County, Ariz, Los Angeles, California, Corcoran, Tulare Lake, China, Russia, United Kingdom, Moscow, Belarus, Washington, Europe, Asia, Brazil, Indonesia

☆ China's Leapmotor unveils C10 SUV at Munich car show
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. China Daily via REUTERS/File photo Acquire Licensing RightsMUNICH, Sept 4 (Reuters) - Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology (9863.HK) on Monday unveiled the C10 sports utility vehicle at the IAA car show in Munich, adding this would be its first model for global markets. Leapmotor said that it would launch five models for overseas markets in Europe, Asia, the Middle East and America over the next two years. Reporting by Zoey Zhang; Writing by Christoph Steitz; Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Leapmotor, Zoey Zhang, Christoph Steitz, Miranda Murray Organizations: REUTERS, Rights, Zhejiang Leapmotor Technology, HK, Monday, IAA, Thomson Locations: Jinhua, Zhejiang province, China, Zhejiang, Munich, Europe, Asia, East, America

☆ China's Aug factory activity picks up unexpectedly - Caixin PMI
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

A worker wearing a face mask works on a production line manufacturing glassware products at a factory in Haian, Jiangsu province, China February 29, 2020. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to 51.0 in August from 49.2 in July, beating analysts' forecasts of 49.3 and marking the highest reading since February. The data, a snapshot of the sprawling manufacturing economy, surprised to the upside but offered a mixed picture of the sector, a day after an official survey showed manufacturing activity contracted for a fifth straight month. The Caixin manufacturing PMI surveys around 650 private and state-owned manufacturers and focuses more on export-oriented firms in coastal regions, while the official PMI surveys 3,200 companies across China. Manufacturers reported increases in both output and total order intakes thanks to firmer market demand, the Caixin survey showed.

Persons: Wang Zhe, Wang, Ellen Zhang, Ryan Woo, Sam Holmes Organizations: REUTERS, Rights, P Global, Analysts, Manufacturers, Caixin Insight, Thomson Locations: Haian, Jiangsu province, China, Rights BEIJING

However, in a hopeful sign for growth, conditions did not materially worsen even though the survey showed factories under persistent pressure. China's major manufacturing rivals in the region Japan and South Korea also reported sharp declines in output on Thursday. "It's too early to tell, but today's print suggests that a sequential uptick in growth activity in the third quarter could still be possible," said Louise Loo, senior economist with Oxford Economics. Policymakers remain under pressure to boost domestic demand as the global economy continues to slow. Going forward, "the actual implementation and effectiveness of policy support will be the key indicator to watch," he added.

Persons: It's, Louise Loo, Pan Gongsheng, Frederic Neumann, Bruce Pang, Jones Lang Lasalle, Joe Cash, Qiaoyi Li, Ellen Zhang, Sam Holmes Organizations: REUTERS, Rights, National Bureau of Statistics, PMI, Oxford Economics, Reuters, People's Bank of, Global Research Asia, HSBC, Jones, Thomson Locations: Hangzhou, Zhejiang province, China, Rights BEIJING, Japan, South Korea, People's Bank of China, United States, Europe, Asia

Reuters GraphicsCOAL, CRUDESimilar to iron ore, China's imports of seaborne coal are also expected to be robust in August, with Refinitiv estimating arrivals of 31.2 million tons, while Kpler expects 34.3 million. Coal imports have been strong since March as the country turned to thermal generation to make up for weaker-than-usual hydropower. Whether China maintains strength in crude imports will largely depend on whether its refiners continue to export large volumes of diesel and gasoline. The rally in crude prices since June should start to show up in China's crude imports from September onwards, given the lag between when cargoes are arranged and delivered. Overall, it appears that factors other than the strength of China's economy are behind the still solid imports of iron ore, coal and crude oil.

Persons: China's, Kim Coghill Organizations: REUTERS Acquire, Rights, National Bureau of Statistics, Iron, Reuters Graphics, Kpler, Refinitiv Oil, Reuters, Thomson Locations: Qingdao, Shandong province, China, Rights LAUNCESTON, Australia, Indonesia, OPEC, Saudi Arabia

India's EV market is small, with Tata Motors (TAMO.NS) dominating sales that made up less than 2% of all cars sold last fiscal year. All sources declined to be identified as the talks are still ongoing and a final decision has not been made. Founded in 2015, Leapmotor has less than 2% share of China's fragmented EV market, where it sells four mass market electric models. This has also forced MG Motor India to find local investors like JSW so it can raise equity. Leapmotor also has been in partnership talks with other major automakers, including Stellantis (STLAM.MI) and Volkswagen (VOWG_p.DE), according to media reports.

Persons: JSW, Leapmotor, Sajjan Jindal, Aditi Shah, Zhang Yan, Neha Arora, Kim Coghill Organizations: REUTERS, DELHI, HK, MG Motor India, China's SAIC Motor Corp, EV, Tata Motors, MG Motor, Ford, JSW, Volkswagen, Thomson Locations: Jinhua, Zhejiang province, China, India, EVs, New Delhi, Shanghai

☆ Tiananmen musical: Broadway star quits US show during China tour
▼ + stars: | 2023-08-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

CNN —A Broadway star has withdrawn from a musical about the Tiananmen Square protests weeks before its debut in the US – while he is on a concert tour in China. “I have withdrawn from the musical Tiananmen,” Piser said in a brief signed statement on Instagram. His manager Dave Brenner told CNN “there was a creative difference” that caused the actor to back out of the Tiananmen musical. Piser’s announcement came a day after his role in the Tiananmen musical was reported by Playbill, an American magazine for theater fans. The rehearsals for the Tiananmen musical start in Phoenix on September 5, according to Rose, the lead producer.

Persons: Zachary Noah Piser, “, ” Piser, Piser, –, Dave Brenner, Wu’er, ”, Jason Rose, ” Rose, Wu'er, Nicholas Kamm, Evan Hansen, Rose, Xi Jinping, Kaixi Organizations: CNN, Tiananmen, “, The Phoenix Theatre Company, Playbill, Getty, Broadway, Communist Party Locations: China, Phoenix , Arizona, Shanghai, Beijing, Hong Kong, Phoenix, American, Washington , DC, Nanjing, Chengdu, Shaanxi, Taiwan

☆ China's factory activity likely extended declines in August - Reuters poll
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, China August 28, 2022. China Daily via REUTERS/File Photo Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - China's factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world's second-largest economy and pressures officials to prop up growth. An index reading above 50 indicates expansion in activity on a monthly basis while below that signals contraction. "ASEAN, China's top trading partner, has also decreased to a nearly two-year low of 50.8." The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Thursday.

Persons: Taimur Baig, Joe Cash, Anant Chandak, Susobhan Sarkar, Sam Holmes Organizations: REUTERS, Rights, Manufacturing, DBS, ASEAN, PMI, Thomson Locations: Hefei, Anhui province, China, Rights BEIJING, Bengaluru

☆ Chinese county offers 'cash reward' for couples if bride is aged 25 or younger
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

The notice, which was published on Changshan county's official Wechat account last week, said the reward was to promote "age-appropriate marriage and childbearing" for first marriages. It also included a series of childcare, fertility and education subsidies for couples who have children. China's legal age limit for marriage is 22 for males and 20 for females, but the number of couples getting married has been falling. That has driven down birth rates due to official policies which make it harder for single women to have children. ($1 = 7.2900 Chinese yuan renminbi)Reporting by Farah Master; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Changshan, Farah Master, Lincoln Organizations: REUTERS, Thomson Locations: Hangzhou, Zhejiang province, China, HONG

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