City Beijing Financial News

05.03 / 09:41

Waters security President Universities show International China’s latest naval exercises have shown how far it can project power

Subscribe to enjoy similar stories. In the last two weeks, the People’s Liberation Army (PLA) of China conducted live-fire naval drills in the international waters off Australia, New Zealand and Vietnam, and shooting drills in the Taiwan Strait. This show of military might is a sign of China’s growing confidence as a maritime power.

05.03 / 04:19

UPS Target security Mobile wellness reports China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security

China on Wednesday increased its defense spending by 7.2% this year, the same growth rate as in the prior two years, as Beijing seeks to «firmly safeguard» its national security.

05.03 / 03:07

UPS Target security economy Trade country reports China targets 'around 5%' GDP growth in 2025 and lays out stimulus measures as trade worries mount

China on Wednesday set its GDP growth target for 2025 at «around 5%» and laid out stimulus measures to boost its economy amid escalating trade tensions with the U.S.

05.03 / 03:07

UPS Target Trade President War reports China raises budget deficit target to levels not seen since at least 2010 to shore up growth

BEIJING — China on Wednesday announced plans to raise its fiscal deficit to «around 4%» of gross domestic product, a rare increase that marks a meaningful shift in policy.

05.03 / 03:05

markets UPS Analysis Trade President War US dollar pressured by Trump trade war as China NPC begins

China's yuan was firm in offshore trading following a rally of about 0.7% in the prior session, as annual parliamentary sessions of the National People's Congress (NPC) kicked off with Beijing retaining a 5% economic growth goal for 2025.

05.03 / 00:33

markets Extreme Action security Trade President country Tariff offensive: US & partners trade fire

The actions, which could upend nearly $2.2 trillion in two-way annual trade, went live hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the US. China announced additional tariffs of 10-15% on certain US imports from March 10. It also slapped export and investment curbs on 25 US firms on grounds of national security. «Trying to exert extreme pressure on China is a miscalculation and a mistake,» a foreign ministry spokesperson said in Beijing, adding that China had never succumbed to bullying or coercion.

04.03 / 04:11

markets COST Provident RAI country information China to publish policy to boost RISC-V chip use nationwide: Sources

RISC-V chips nationwide for the first time, two sources briefed on the matter said, as Beijing accelerates efforts to curb the country's dependence on Western-owned technology. The policy guidance on boosting the use of RISC-V chips could be released as soon as this month, although the final date could change, the sources said. It is being drafted jointly by eight government bodies, including the Cyberspace Administration of China, China's Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the China National Intellectual Property Administration, they added.

04.03 / 03:45

UPS Research Trade President country reports China ‘firmly rejects’ additional U.S. tariffs, says it will implement countermeasures

BEIJING — China «firmly rejects» additional U.S. tariffs on Chinese goods and will take countermeasures, the Ministry of Commerce said in a statement Tuesday.

03.03 / 09:53

Manufacturing economy Trade President show country consequences New trade order: US-China neutrality may not give countries an advantage

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.

03.03 / 01:59

IPO Man ICE McDonald’s Research love country Forget McDonald’s. This Chinese fast-food chain is now the world’s biggest.

Subscribe to enjoy similar stories. It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the Michelin Man.

02.03 / 12:39

security Election Trade President country Two small adversaries of Russia and China are swapping notes to survive

Subscribe to enjoy similar stories. TAIPEI—In an era of brutal great-power politics, how do lesser powers get by? For this embattled Pacific island, a lifeline comes from landlocked Slavs half a world away. Taiwan and the Czech Republic, living in the shadow of China and Russia, have found common cause when small powers worry about being trampled by bigger rivals.

02.03 / 05:57

Cooper Booking Trade President Experts War A guide to China’s role in the fentanyl crisis as Trump targets Beijing

Subscribe to enjoy similar stories. BEIJING—President Trump wants to slap an additional 10% tariff on imports from China over its role in the fentanyl trade, arguing that Beijing could help fix America’s drug crisis if only it stopped dragging its feet. If cutting off the production and export of chemicals used to make fentanyl could get Beijing in Trump’s good books and prevent a new trade war, then why wouldn’t China do it? The answer cuts to the heart of why the war against fentanyl has been so intractable, owing to a lack of trust between the U.S.

28.02 / 11:55

Platform President country social Trump to go ahead with Mexico and Canada tariffs from 4 March

In a post on his Truth Social platform today (27 February), Trump said the proposed tariffs will go into effect as scheduled, as he continued accusing the two countries of allowing drugs to flow across their borders and into the US. «A large percentage of these drugs, much of them in the form of fentanyl, are made in, and supplied by, China,» the president said. Trump signals 25% tariffs on EU coming 'very soon' As a result, he added that China will also be handed an additional 10% tariff taking effect on the same day. This comes on top of the 10% levy imposed on Beijing this mo...

28.02 / 08:15

markets economy Trade President RAI country China's Xi says economy 'faces numerous difficulties' ahead of major meeting

Xi Jinping has admitted the country's economy still faces «numerous difficulties» in an article set to be published this week ahead of a major political meeting in Beijing, state media said Friday.

28.02 / 07:23

markets Target economy Trade President rights China vows ‘all necessary measures’ against new US tariffs

28.02 / 04:21

markets security President reports Russia security chief Shoigu lands in Beijing: Russian agencies

Sergei Shoigu landed in Beijing on Friday, Russian news agencies reported, for a flying visit to meet China's top leadership. «During the one-day visit, he is scheduled to meet with Chinese President Xi Jinping… and Foreign Minister of the People's Republic of China Wang Yi,» TASS said.

27.02 / 13:11

markets economy Trade War country Relationships As trade war escalates, economists bet on China resilience

Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies.

27.02 / 12:47

markets UPS security President peace India, China militaries implementing resolutions to end Ladakh conflict in comprehensive, effective manner: Chinese Defence Ministry

Chinese Defence Ministry on Thursday said the militaries of India and China are implementing the resolutions to end the standoff in eastern Ladakh in a «comprehensive and effective manner.» «At present, the Chinese and Indian militaries are implementing the resolutions related to the border areas in a compressive and effective manner,» Chinese Defence Ministry Spokesman Sr Col Wu Qian told a media briefing here, replying to a question on the status of the normalisation of the situation in eastern Ladakh sector.

27.02 / 06:23

FIVE CEO security NVIDIA 2020 reports Features Nvidia warns of growing competition from China's Huawei, despite U.S. sanctions

BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.

27.02 / 05:43

Research Freedom track social information reports Department US foreign-aid halt is making scrutiny of China even harder

Subscribe to enjoy similar stories. China, the world’s second-largest economy, is already one of the most impenetrable countries. Now, the Trump administration’s move to suspend foreign aid is starting to derail nonprofit efforts to unearth data on business and social trends—which was already hard to track.

27.02 / 01:57

markets Digital Waters Software RAI International New Zealand raises China's surprise warship drills in high-level talks

New Zealand used high-level talks in Beijing to raise concerns about the surprise deployment of Chinese warships off its western coast, Foreign Minister Winston Peters said Thursday.

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