City Beijing Financial News

19.08 / 14:39

UPS BLOCK Waters awards exclusive Philippines to resupply South China Sea troops after Beijing's block

MANILA (Reuters) — The Philippine armed forces said on Saturday it would again seek to resupply troops stationed in a rusty World War 2-era ship on a reef in the South China Sea, after China blocked a previous attempt with water cannons.

19.08 / 14:39

Provident Reuters Manufacturing Volkswagen Continental Solomonic US imports of auto parts face scrutiny under law on Chinese forced labor

By Nichola Groom

19.08 / 13:41

Manufacturing Gap Apple iPhone 15 Foxconn's logistics unit Jusda opens new office in Tamil Nadu ahead of iPhone 15 launch

ALSO READ: Apple' Foxconn commences production of iPhone 15 in Tamil Nadu, strengthening operations in India: Report Several reports said that a Foxconn Technology Group plant in Sriperumbudur is all set to deliver the newest devices only weeks after they start shipping from factories in China. According to a Bloomberg report, the firm started production to narrow the gap between the operations in India and the manufacturing base in China.

19.08 / 10:49

UPS Williams Progressive Taiwan calls China ‘bully next door’ amidst Beijing's war game warnings

‘Suicide attack if necessary’; China sends strong signals to Taiwan, says ready for war ‘at any second’: Report "Since 0900 (UTC 8) today (Aug. 19), the R.O.C. Armed Forces detected 42 PLA aircraft (including KJ-500, Y-9, J-10, J-11, J-16, SU-30 etc.), 26 of which crossed the median line of the Taiwan Strait.

19.08 / 09:07

UPS Citizens Williams NOT Taiwan's election not for 'bully next door' China to decide: FM

Taiwan's foreign minister accused China on Saturday of trying to «shape» Taiwan's upcoming election, after Chinese military exercises were launched around the island. «The PRC has made it clear it wants to shape Taiwan's coming national election,» said foreign minister Joseph Wu on the ministry's official X account.

19.08 / 06:37

UPS Cooper FLEX Lattice country boost U.S., Japan and South Korea Boost Alliance to Counter China, North Korea

alliance to bolster security. President Biden hosted South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida at Camp David, in the first visit by foreign leaders to the presidential retreat since 2015. The three committed to consulting on threats to each’s security, working together on ballistic-missile defense, conducting annual joint military exercises and holding yearly summits to maintain the momentum.

19.08 / 06:37

UPS Williams Action Simulation Taiwan says 42 warplane incursions after launch of China military drills

warplane incursions into its air defence zone since China announced the launch of military drills. «Since 0900 (UTC+8) today (Aug. 19), the R.O.C.

19.08 / 04:23

UPS Citi Waters Boeing NVIDIA country week 5 world market themes for the week ahead

summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too amid increasing disquiet in some big emerging markets, while business activity data globally and China property woes mean August is proving far from dull.1/ SUMMER CAMP! U.S.

19.08 / 02:57

UPS Provident Williams stage country China launches drills around Taiwan in angry response to VP's US trip

China's military began drills around Taiwan on Saturday, saying it was a «serious warning» to separatist forces, in an angry and widely expected response to a visit of Vice President William Lai to the United States. Lai, the front-runner to be Taiwan's next president at elections in January, returned from the United States on Friday, where he officially made only stopovers on his way to and from Paraguay, though he gave speeches while in the country. China views democratically governed Taiwan as its own territory, despite the strong objections of the island's government.

19.08 / 02:13

Art Cooper Fox Threat Expert warns Biden's Camp David summit is one of 'very few plans left' over China threat

Atlas Organization founder Jonathan D.T. Ward discusses the Biden administration announcing new tariffs on food can metal from China, U.S. officials' trips to Beijing, the Camp David summit and the adversary's rising aggression.

19.08 / 01:27

Reuters Cooper Waters Action Align country US, Japan, South Korea denounce China's dangerous and aggressive actions in Indo-Pacific. Key takeaways from the Summit

alliance which read, “Japan, the Republic of Korea, and the United States are determined to align our collective efforts because we believe our trilateral partnership advances the security and prosperity of all our people, the region, and the world." The three nations expressed commitment to expanding cooperation trilaterally and raising shared ambition to a new horizon across domains and across the Indo-Pacific and beyond. CHINA'S 'DANGEROUS AND AGGRESSIVE' ACTIONS: They issued a sharply worded joint statement about Beijing's actions in the South China Sea.

18.08 / 20:53

IPO Citizens CEO Tesla SpaceX voice Inside Ramaswamy US Presidential elon Who is Vivek Ramaswamy? All you need to know about US Presidential candidate endorsed by Elon Musk

Elon Musk this week. The Tesla and SpaceX CEO dubbed the US Presidential hopeful a “very promising candidate" and urged people to listen to an interview of Ramaswamy. The 35-year-old is one of three Indian origin Republicans set to contest against Donald Trump in the upcoming primaries.

18.08 / 19:07

Provident Target Racing Software show country China's new artificial intelligence regulations begin to take effect

China put into force this week its newest regulations on artificial intelligence-generated content, a watered-downed version of stricter draft rules that seek to keep the country in the AI race while maintaining firm censorship on online content. Rapid advancements in generative AI have stoked global alarm over the technology's potential for disinformation and misuse, with deepfake images showing people mouthing things they never said.

18.08 / 13:43

UPS Booking show track country Is China’s Data Manipulated, or Flawed? Maybe Both

unemployment rate for China’s youth reached an all time record of 21.3% in June. China’s National Bureau of Statistics responded by ceasing publication of the rate. The move calls attention to the lengths to which Beijing will go to suppress unflattering information, in this case the economic distress facing China’s young people.

18.08 / 12:43

Lowe's Reuters Gap show track safe Safe-haven dollar hovers around 2-month high on China woes, high rates fear

dollar hovered around a two-month high on Friday, set for a fifth consecutive week of gains in the longest winning streak for 15 months, buoyed by demand for safer assets on worries over China's economy and bets U.S. interest rates will stay high. The People's Bank of China (PBOC) set a much-stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday, while sterling fell after British retail sales weakened more than expected in July.

18.08 / 06:07

UPS Lowe's Target JPMorgan country Low China sees spiraling selloff as yuan near 16-year low - Here's what is happening

retail sales, industrial output and investment growing at a slower-than-expected pace. China also has to contend with a deepening property crisis and concerns about potential spillover from payment woes of shadow banking-linked trust products. Zhongzhi – one of the country’s largest private wealth managers – recently fanned fears about financial contagion after facing a liquidity crisis.

18.08 / 03:41

UPS MET BLOCK country cover electronic China says it would welcome a visit by US commerce secretary after imposition of investment controls

China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies

18.08 / 03:07

UPS Lowe's AUD Australia, NZ dollars caught in crossfire from China woes, US yields

dollars faced a fifth straight week of losses on Friday as angst over China's ailing economy and surging U.S. bond yields saw support steamrolled by bearish bets. The Aussie was pinned at $0.6411, having shed 1.3% for the week so far to hit a nine-month trough of $0.6365.

18.08 / 00:49

UPS Digital Platform Tencent ByteDance show What China's big earnings say about the consumer

BEIJING — Corporate earnings releases are picking up on a few bright spots for China's consumer in a competitive market where people are less willing to open their wallets.

17.08 / 23:31

UPS Manufacturing Compilation show performer country Analysis-China's sputtering economy curbs outlook for diesel demand for rest of 2023

By Andrew Hayley

17.08 / 21:49

COST Citi show country social China's Xi calls for patience as Communist Party tries to reverse economic slump

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said the West’s pursuit of material wealth led to “spiritual poverty.”

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