Asia Market Movers: China starts trial production at world’s first flying car factory in Guangzhou

Tuesday, 04 Nov, 2025 News China starts trial production at world's first flying car factory in Guangzhou China's push into next-generation transport took a leap forward on Monday as the world's first flying car factory began trial production in Guangzhou, southern Guangdong Province. China's People's Dai News China offers big power subsidies to boost local AI chips at ByteDance, Alibaba, Tencent China is offering massive power subsidies to major tech firms including ByteDance, Alibaba and Tencent in a bid to accelerate the adoption of homegrown artificial-intelligence chips and reduce relianc Learn more News Japan's Takaichi: Boost revenue through growth, strengthen supply and infrastructure Japanese Prime Minister Sanae Takaichi reaffirmed her government's commitment to boost tax revenue without raising tax rates, saying the focus will be on expanding the economy's capacity and strengthe Central Banks PBOC to boost policy support, expand offshore yuan market and cross-border payments China's central bank will strengthen policy support for the economy and accelerate efforts to promote the international use of the renminbi, a PBOC Deputy Governor said Monday in a livestreamed addres News US Treas Sec Bessent says he'll attend Supreme Court tariff case US Treasury Secretary Bessent speaking on Fox: I will be present at Supreme Court to emphasize the importance of tariffs Need the cash from tariffs to give it to Argentina? More: says he thinks inflat News China's He Lifeng vows to stabilise global trade, deepen cooperation amid new challenges China's Vice Premier He Lifeng said Beijing will work closely with international partners to confront new global economic challenges, pledging to strengthen cooperation in trade, investment, and indus Central Banks PBOC sets USD/ CNY central rate at 7.0885 (vs. estimate at 7.1226) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy News China, Russia agree to deepen all-round cooperation under strategic partnership Chinese Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday that China stands ready to work with Russia to deepen cooperation across all fields and protect their shared d Learn more News Japan final manufacturing PMI for October 48.2 (down from 48.5 in September) Japan's manufacturing sector contracted at its sharpest pace in 19 months in October, as weakening global demand and sector-specific slowdowns in autos and semiconductors weighed heavily on output, a

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