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Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
BEIJING, May 10 (Reuters) - China's 2019/20 soybean output is expected to rise 7.9 percent to 17.27 million tonnes, as a national plan to revitalize the domestic sector will push farmers to grow more of the oilseed, the country's agriculture ministry said on Friday.
China's 2019/20 soybean consumption was forecast to be 103.56 million tonnes. Soybean ending stocks for the same year will be at a deficit of 1.54 million tonnes, the ministry said in its monthly crop report.
China will import 3 million tonnes of corn in 2019/20, according to the monthly Chinese Agricultural Supply and Demand Estimates.(CASDE)
The ministry also raised its forecast of China's corn imports for 2018/19 to 2.5 million tonnes, up from the previous month's forecast of 1.5 million tonnes. (Reporting by Hallie Gu and Dominique Patton; editing by Christian Schmollinger)