City Beijing Financial News

03.08 / 10:39

COST UPS Citi Provident Updates Typhoon Khanun predicted to make U-turn and return to Japan, providing relief to China. Top updates

Typhoon Khanun would cause severe damage to China which is reeling from rain from an earlier typhoon that caused deadly flooding and damage in Beijing, reported AP. If the forecast from the Japan weather agency proves true, oit would largely spare China from a double whammy. Khanun, which means jackfruit in Thai, had sustained surface winds of 162 kph (100 mph) with higher gusts Thursday morning.

03.08 / 00:53

Citi SUN Career Huawei Unemployment With record youth unemployment, China’s jobs market is getting tougher for new graduates to crack

BEIJING — Ask young people about the Chinese job market, and the frequent answer is things are more difficult this year.

02.08 / 12:47

BLOCK Reuters Tesla show country blues rock energy transition clean energy World battles to loosen China's grip on vital rare earths for clean energy transition

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla's Model 3 to Lockheed Martin's F-35 fighter jet.

02.08 / 11:41

Cooper Strategy Enterprise show country Xi Jinping’s Security Obsession: Securing at Home and Strengthening Aboard

By Kashif Anwar

02.08 / 10:49

UPS Manufacturing Strategy Parke HON Foxconn to invest $600 million in Karnataka for iPhone component and semiconductor facilities

Hon Hai Technology Group (Foxconn) has signed up with the Karnataka government, offering to invest about $600 million, or nearly Rs 5,000 crore, in two iPhone component manufacturing projects, expected to create nearly 13,000 jobs. A Foxconn team led by chairman Young Liu formally signed a letter of intent (LoI) with the government after Industries Minister MB Patil, IT/BT Minister Priyank Kharge, Additional Chief Secretary (IT/BT) EV Ramana Reddy and Industries Commissioner Gunjan Krishna held talks with the team in Chennai on Monday. ET reported on Tuesday that Foxconn may invest up to $500 million for a new unit near Bengaluru airport to make smartphone accessories.

02.08 / 05:53

FIVE Action BlackRock MSCI performer country committee U.S. House committee flags MSCI, BlackRock for China investments

BEIJING — U.S. investments in around 50 blacklisted Chinese companies have drawn the attention of the U.S. House of Representatives Select Committee on the Chinese Communist Party.

02.08 / 04:43

MET Xiaomi show country Indian Chinese carmaker BYD faces Indian tax investigation: Sources

BYD faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said. India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, whose expansion plans have been hit by fractious relations between New Delhi and Beijing, underpaid tax of 730 million rupees ($9 million), one of the sources said. Although BYD has deposited this sum after the DRI's preliminary findings, the source added, the investigation is ongoing and could lead to additional tax charges and penalties.

02.08 / 04:43

UPS Waters Extreme Racing Southern Beijing rains heaviest since records began 140 years ago

«The maximum (amount) of rainfall recorded during this storm, which was 744.8 millimetres, occurred at the Wangjiayuan Reservoir in Changping,» the Beijing Meteorological Service said. It was the «heaviest rainfall in 140 years», when Beijing records began, it added. The largest volume previously recorded was 609 millimetres in 1891, the service added.Storm Doksuri, a former super typhoon, swept northwards over China after hitting southern Fujian province last week, following its battering of the Philippines.

02.08 / 02:39

COST UPS Remark show country boost Consumption China turns to rural tourism and smart appliances to boost consumption

BEIJING — Instead of handing out cash, China is trying to make sure consumers and businesses spend where it matters economically.

01.08 / 17:53

UPS Action SpaceX stage country Caught Between China and Russia, Mongolia Seeks Closer U.S. Ties

BEIJING—Sparsely populated and sandwiched between two authoritarian powers, Mongolia is positioning itself as a resource-rich, democratic partner for the U.S. in Asia amid growing competition between Washington and Beijing over the minerals needed to pursue cleaner energy. That push will be at the heart of a visit by Mongolia’s prime minister to Washington this week, as his country attempts to draw itself closer to the West in a bid to diversify its economy without angering its powerful neighbors Russia and China.

01.08 / 06:29

Citi Man Waters Southern Orange show At least 11 killed, 27 missing in Beijing rainstorms

Beijing, state media said Tuesday, in downpours that have submerged roads and deluged neighbourhoods with mud.Storm Doksuri, a former super typhoon, had swept northwards through China since hitting southern Fujian province on Friday after first scything through the Philippines. Heavy rains began pummelling Beijing and its surrounding areas on Saturday, with nearly the average rainfall for the entire month of July dumped on the capital in just 40 hours. Swathes of suburban Beijing remain badly hit by the rains — some of the city's heaviest in years.

31.07 / 21:23

Citi Target Remark Celebrity show country Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Chinese Vice Premier He Lifeng says Beijing has invested $25.4 billion dollars in Pakistan in the past ten years under the China-Pakistan Economic Corridor, or CPEC package

31.07 / 16:41

Manufacturing Battlefield DJI country China curbs exports of drone equipment amid U.S. tech tension

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology.

31.07 / 14:47

Cooper Remark Celebrity AGRO show country Cooperation Pakistan & China ink six agreements to expedite cooperation under 2nd phase of CPEC

Pakistan and China on Monday signed six key documents to help undertake the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC) projects under a new model, further cementing the all-weather strategic relations between the «iron brothers.» Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng witnessed the signing ceremony held here to mark 10 years of the CPEC, a collection of infrastructure and other projects under construction throughout Pakistan since 2013. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied Kashmir.

31.07 / 14:31

Man Platform Pool Dreams AIM 2024 diving Tom Daley announces return to diving and aim for medals at Paris Olympics 2024, reveals heart-warming reason

Tom Daley has announced that he will come out of his retirement and return to diving at the request of his elder son. He aims at Paris 2024 Olympics.

31.07 / 13:49

FIVE Manufacturing CEO NVIDIA Intel show China’s Tech Distress Grows as U.S. Chip Sanctions Bite

China’s tech sector is showing the strain from last year’s sweeping U.S. export restrictions, which seek to stall Beijing’s ambitions in cutting-edge industries such as artificial intelligence and supercomputing. Semiconductor imports to China are falling.

31.07 / 12:01

Provident Target BLOCK DJI show China imposes curbs on drone exports, citing Ukraine and concern about military use

China has imposed restrictions on exports of long-range civilian drones, citing Russia’s war on Ukraine and concern drones might be converted to military use

31.07 / 05:53

UPS COMPOSITE Nikkei show Stock market today: Asia shares gain after Wall St rally as investors pin hopes on China stimulus

Shares are mostly higher in Asia after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy

31.07 / 04:49

UPS Manufacturing performer track social blues Marketmind: Beijing stimulus given benefit of the doubt

(Reuters) — A look at the day ahead in European and global markets from Wayne Cole.

31.07 / 04:41

Manufacturing HSBC show China factory activity shrinks in July, adding to pressure to reverse economic slump

A survey shows Chinese factory activity contracted in July as export orders shrank

31.07 / 04:19

UPS Citi Southern boost China's biggest cities vow to introduce steps to boost property sector

BEIJING (Reuters) — China's biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing few signs of recovery.

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