Asia Financial

1 week ago | asiafinancial.com | Jim Pollard

US tech giant Nvidia plans to release a new less powerful version of its H20 artificial intelligence chip for China in the next two months, sources say. The chipmaker has told major customers in China, such as cloud computing providers, it will release a modified AI chip in July following US export restrictions on the original model, sources told Reuters.

1 week ago | asiafinancial.com | Jim Pollard

India could be the next country to reach a quick trade deal with the US, after Britain and the Trump Administration signed a tariff agreement this week. New Delhi has offered to slash its tariff gap with the US to less than 4% from nearly 13% – in exchange for an exemption from President Donald Trump’s “current and potential” tariff hikes, according to sources who spoke to Reuters.

1 week ago | asiafinancial.com | Jim Pollard

China’s decision to dial down its rhetoric about US ‘bullying’ and send a senior minister to initial talks on a trade deal appears to stem from concern about the impact of US tariffs on several sectors – and fears it could wipe out more than 10 million jobs. Sources have told Reuters the furniture, toy-making and textile sectors could be hit hard.

1 week ago | asiafinancial.com | Jim Pollard

China’s steel exports are set to plunge in coming months and worsen a serious domestic oversupply that has already caused the loss of tens of thousands of jobs. Analysts and traders say the trade war – including tariffs by the US on multiple countries – and a wave of global protectionism has crushed export markets.

1 week ago | asiafinancial.com | Jim Pollard

China’s top carmaker, BYD, plans to sell millions of its popular vehicles in Europe and South America in coming years, according to a new report. Indeed, it aims to sell half of all the vehicles it makes outside the Chinese market by 2030 – a huge increase that would make it one of the world’s largest automakers, according to four people who spoke with Reuters recently.