City Beijing Financial News

Investing.com-- Oil prices rose slightly in early Asian trade on Monday as focus turned to economic readings from the world’s largest oil importer due this week, with U.S. oil futures within sight of the key $80 a barrel level. 

Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular, and at 25, he is on course to becoming one of India's greatest sporting icons. Two years ago, his spear soared high into the Tokyo sky as he became the country's first Olympics track and field gold medal winner.

Half of the world’s biggest lithium mines put on the market since 2018 were bought by Chinese companies, underscoring the tightening grip of the world’s second-largest economy over the global battery metal supply chain.

digital economy, trade and food security. UN secretary general Antonio Guterres, who was also present, said the UN, formed in 1945, must be reformed to reflect modern power realities. The big one was the expansion of Brics to include six new members, who will join the organization next year.

In the past few weeks, the world has discovered that the Chinese economy has serious problems and might already be in a crisis. The impending collapse of a real estate behemoth is causing analysts to ask if China’s Lehman moment is at hand. One-fifth of the stock of apartments is unoccupied.

By David Shepardson

MANILA (Reuters) — China's «aggressive behaviour» in the South China Sea, including the use of water canon by its coast guard against a Philippine vessel, must be challenged and checked, the commander of the U.S. Navy's Seventh Fleet said on Sunday.

BEIJING (Reuters) — China will cut halve the stamp duty on stock trading from Monday, the finance ministry said on Sunday.

BEIJING (Reuters) -Profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month with weak demand squeezing companies as a post-pandemic recovery faltered in the world's second-biggest economy.

PTI, Ramaswamy said, “The US is economically dependent on China today, but with a stronger relationship with India, it becomes easier to declare independence from that Chinese relationship." Biden Administration’s point person for South Asia has earlier said that the US wants to be part of India's economic miracle. “We want to be part of your economic miracle," Assistant Secretary of State for South and Central Asian Affairs Donald Lu had told PTI. “We strongly support India's goal to grow its economy in an inclusive way.

Taiwan's defence ministry said Saturday that China sent dozens of aircraft and vessels toward the island, just days after the United States approved $500-million arms sale to Taiwan. The defence ministry said in a statement that 32 aircraft from the People's Liberation Army and nine vessels from the navy were detected in the 24 hours between 6 am Friday and 6 am Saturday. Of these, 20 aircraft either crossed the median line of the Taiwan Strait or breached Taiwan's air defense identification zone. In response, Taiwan tasked its own aircraft, vessels and missile systems to respond to the activities, the defense military said. China sees self-ruled Taiwan as a renegade province to be taken by force if necessary.

Taiwan’s vice president and front-runner in upcoming presidential elections has accused China of employing unfair trade practices that could be used to influence the voting

India and China on Friday offered divergent views to characterise the conversation between Prime Minister Narendra Modi and President Xi Jinping in Johannesburg two days ago even as Beijing sought to downplay the eastern Ladakh border standoff saying the boundary question does not represent the «entirety» of the bilateral relations. In a readout on the conversation between the two leaders, the Chinese foreign ministry said President Xi Jinping conveyed to PM Modi that both sides should «bear in mind» the «overall interests» of the ties and «properly» handle the border issue. Hours after Beijing's statement on Modi-Xi conversation claimed it was held at the Indian side's request, Indian sources said there was a «pending request» from the Chinese side for a bilateral meeting, suggesting that New Delhi has not heeded to it. «The two leaders, however, had an informal conversation in the leaders' lounge during the BRICS summit,» one of the sources said. Modi and Xi held the conversation on Wednesday on the sidelines of the BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg, amid continuing strain in bilateral ties in view of the lingering border standoff in eastern Ladakh. The conversation was not a structured bilateral meeting.

HONG KONG/BEIJING (Reuters) -Chinese authorities are planning to cut stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country's struggling stock market.

DUBAI (Reuters) — Qatar is balancing its relationships with both the United States and China and one link does not damage the other, Prime Minister Sheikh Mohammed Bin Abdulrahman al-Thani said on Friday.

A flurry of statements from the government and Communist Party since July have largely focused on encouraging more spending on things like consumer goods and cars, coaxing private companies to expand investment, and making it easier for businesses to access funding. But even with two interest rate cuts this year, Beijing isn’t unleashing the kind of monetary and fiscal stimulus implemented during past downturns. President Xi Jinping’s government is reluctant to give the kind of cash handouts to consumers that fueled post-pandemic recoveries in the US and elsewhere.

BJP on Friday rejected Rahul Gandhi's charge that China has encroached on Indian territory as baseless and absurd, as it asserted that it is the opposition party which has committed «historic, unpardonable crime» in dealings with Beijing. BJP spokesperson Sudhanshu Trivedi quoted from selected works of first prime minister Jawaharlal Nehru to say that his government had sent over 3,500 tonnes of rice in 1952 for the consumption of the Chinese Army which was «starving». He also asked the Congress to release its reported agreement with the Chinese Communist Party when the UPA was in power. Addressing a press conference, he alleged that the decision to send rice for the Chinese Army when India's relations with China had started getting strained was not a mistake but a «historic and unpardonable» crime. Gandhi has a habit of making baseless and absurd comments about China, he said, adding that the former Congress president makes remarks on India, its people and the RSS in a similar vein. During the Doklam crisis, he had met the Chinese ambassador, Trivedi said. The BJP leader asserted the government under Prime Minister Narendra Modi has notched up unprecedented success in its handling of India's military, diplomatic and economic affairs. The Congress has always tried to weaken the country when in the opposition, he said and asked the party to learn from the BJP which supported the then governments during crisis involving neighbours be it Pakistan or China. While the Congress government refused to punish Pakistan for its support to terrorism as it thought that this will harm peace talks, Modi's policy is that terror and talks cannot go together.

BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts' expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.

BRICS group of countries, comprising Brazil, Russia, India, China and South Africa, has agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE as new members. Concerns of BRICS gradually turning into an anti-West club have increased ever since Russia’s invasion of Ukraine and its “no-limits" partnership with China, which had been especially keen to expand membership. The group’s potential influence over global geopolitics has gone up.

By Casey Hall

The Hong Kong government has been given the green light to appeal a court’s refusal to ban a protest song