City Beijing Financial News

06.08 / 08:51

Waters China says Philippines boats 'illegally' entered its waters in South China Sea

China said on Sunday it had taken «necessary controls» against Philippines boats that had «illegally» entered its waters, after Manila accused Beijing's coast guard of firing water cannon at its vessels in the disputed South China sea.

06.08 / 08:51

BLOCK Waters Action Continental social exclusive Philippines says China blocked, water-cannoned boat in S. China Sea

coast guard of blocking and water-cannoning a Philippine military supply boat in the South China Sea, condemning the «excessive and offensive actions» against its vessels. China's coast guard countered that it had implemented necessary controls in accordance with the law to deter Philippine ships, which it accused of trespassing and carrying illegal building materials.China claims sovereignty over almost the entire South China Sea, an assertion rejected internationally, while Malaysia, Vietnam, Brunei, Taiwan and the Philippines have various claims to certain areas.

06.08 / 02:27

Dreams Chase Stealth country ‘Suicide attack if necessary’; China sends strong signals to Taiwan, says ready for war ‘at any second’: Report

Zhu Meng or Chasing Dreams. The series, aired on state broadcaster CCTV to mark the PLA's 96th anniversary, highlights the unwavering commitment of military personnel to be combat-ready "at any second", the South China Morning Post (SCMP) reported. The documentary features personal accounts of numerous PLA soldiers from different services and locations.

06.08 / 02:11

Citi Provident Platform show country social Ten injured, buildings collapse as 5.4 quake hits east China

earthquake struck eastern China in the early hours of Sunday, the US Geological Survey (USGS) said, with state media reporting at least 10 people injured and dozens of buildings collapsed. Videos on social media showed shaking light fixtures, trembling ground and people evacuating their buildings, with one clip showing people walking past bricks scattered on the ground.

05.08 / 15:47

Provident Racing Strategy Dreams stage China's naval base in Cambodia is ‘not a cause of alarm’ for India: Former Navy chief

Chinese assistance, is just another step in Beijing’s unfolding grand strategy for achieving the “China Dream", or attainment of Super Power status by 2047 or earlier. The CPC had realised at an early stage that an essential prerequisite for achieving the China Dream was for China to become a maritime power," Admiral Arun Prakash said.

05.08 / 14:01

Citi Waters Southern country China's July economic losses from disasters exceed January-June

BEIJING (Reuters) — China's direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month.

05.08 / 13:33

Citi Waters Extreme show country Death toll rises to 30 in northern China floods

Beijing, officials said Saturday, bringing the death toll from recent torrential rains in northern China to at least 30. Officials reported the deaths in Baoding, about 150 kilometres (90 miles) from Beijing, adding that 18 people were missing. Storm Doksuri, a former super typhoon that hit mainland China last Friday, has brought the most severe rains to the region since records began 140 years ago. By noon Saturday (0400 GMT), more than 600,000 of Baoding's 11.5 million residents had been evacuated from areas deemed to be at risk, officials said. The torrential rain that hit northeast China on Saturday battered the provinces bordering Russia and North Korea.

05.08 / 13:21

UPS Progressive country Another Big Chinese Property Domino Is Wobbling

reality quickly set in again. Contracted sales at the country’s top 100 developers plunged 33% from a year earlier in July, according to China Real Estate Information. In the first seven months combined, sales for those developers have now fallen 5% year over year, wiping out all the progress notched at the beginning of the year immediately after China abandoned its strict pandemic control policies.

05.08 / 13:21

Cooper Waters Action country China's new military base in Cambodia threatens India's maritime security - Here's why

NDTV reported on Saturday. The Chinese naval base in Cambodia is close to the Strain of Malacca, a crucial point that links the Indian Ocean with the South China Sea.

05.08 / 06:31

UPS Citi FIVE Waters show country China's northeast inundated in Doksuri's wake

Floodwaters from Typhoon Doksuri continued to deluge farms and cities in northeast China into the weekend, with the country's disaster relief systems struggling to contain the aftermath of one of the strongest storms in years. Almost 15,000 residents were moved out of the city of Shulan in corn-growing Jilin province, where one person was dead and four others missing, according to state media. Rain has fallen continuously in Shulan since Aug.

04.08 / 20:27

Citi Waters Platform Mobile Highways social Evacuations Deadly flooding in China worsens as rescues and evacuations intensify

Heavy rain and high water levels in China's northeastern rivers are threatening cities downstream, prompting the evacuation of thousands

04.08 / 20:27

COST Lowe's BLOCK McDonald's Australian China reopens trade in Australian barley in a new sign of improved relations

China is lifting a stifling 3-year-old tariff on Australian barley in a sign of an improving bilateral trade relationship since Australia’s government changed

04.08 / 18:37

UPS IPO ByteDance TikTok country electronic strain China Has Become a Strain on Private-Equity Firms

TikTok owner ByteDance, another highly valued private tech company that counts private-equity funds among its shareholders, shelved its IPO plans. In 2022, the average annual return for China private-equity funds, including venture capital funds, was minus 5.6%, according to estimates from data-analytics firm Burgiss. That was the lowest since the global financial crisis in 2008, although it was better than the global average last year.

04.08 / 17:23

Citizens Platform Mobile country Mobile restriction in, er, restricted China

China, which sort of leads the pack, is one of the Biggest Brothers. (To know about North Korea, one has to take a peek in, which is tough.) After curbing citizens' access to several internet platforms that people in other countries take for granted, the nanny state HQed in Beijing is apparently proposing new measures to curb the amount of time kids can spend on their phones.

04.08 / 17:21

UPS Provident Waters Solomonic cover exclusive lawmakers US lawmakers US lawmakers back closer coordination with Pacific islands to counter China

By David Brunnstrom

04.08 / 13:21

COST MET Manufacturing Parke show country India still heavily reliant on China for life saving drugs despite PLI booster: Report

India’s overall pharma imports, bulk drugs continue to contribute 55-66 per cent and dependency on China for the same is expected to remain high in the coming years, report from CareEdge showed on Friday. The report revealed that India's 43 per cent of total pharma imports are from China, indicating a heavy dependency and raising concerns due to the on-going geopolitical tensions between the two Asian countries. «The contribution of bulk drug imports from China has exhibited significant growth in both value and volume terms, increasing from 64% and 62% during FY14 to 71% and 75% during FY23, respectively,» the report said.

04.08 / 09:29

UPS Lowe's Tesla Highways SpaceX country Why China fears Starlink

Elon Musk, to deny Taiwan access to Starlink. Mr Musk’s other big firm, Tesla, has a large factory in Shanghai. Last year he suggested giving China some control over Taiwan in order to resolve their dispute.

04.08 / 07:33

Citi Provident Citizens Waters country social Deadly flooding in China worsens as rescues continue and areas downriver brace for high water

China were threatening cities downstream on Friday, prompting the evacuation of thousands, although the country appears to have averted the worst effects of the typhoon season battering parts of east Asia. Hebei province surrounding the capital Beijing on three sides issued alerts for several of its cities. The province of Heilongjiang to the north, was evacuating entire villages in anticipation of life-threatening deluges.

03.08 / 17:21

Platform Mobile Tencent ByteDance social Time China proposes to limit children's smartphone time to a maximum of 2 hours a day

China’s internet watchdog has laid out regulations to curb the amount of time children spend on their smartphones, in the latest blow to firms such as Tencent and ByteDance, which run social media platforms and online games

03.08 / 16:51

UPS Citi BLOCK Waters Extreme Continental What caused the heaviest rainfall in 140 years in Beijing and northern China?

The storms, which have killed at least 20 people and led to the displacement of hundreds of thousands of residents, were the worst to hit China in over a decade, with Beijing experiencing its heaviest rainfall in 140 years. HOW SEVERE WAS THE RAINFALL? The amount of rainfall since Saturday has breached many local meteorological records. A reservoir in Beijing's Changping district logged a precipitation reading of 744.8mm (29.3 inches) between Saturday and Wednesday, the most in the city in over 140 years and far exceeding the previous record of 609mm set in 1891.

03.08 / 15:23

Target Manufacturing Support Financial China's central bank to guide more financial resources to support private sector

BEIJING (Reuters) — China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens.

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