City Beijing Financial News

China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts.

TikTok kept influencers and users in anxious limbo during the four-plus years that lawmakers and judges debated the fate of the video-sharing app. Now, the moment its fans dreaded is here, but uncertainty over TikTok's future lingers.

External Affairs Minister S Jaishankar said on Saturday. Delving into various aspects of New Delhi's relations with Beijing over past decades, Jaishankar said «misreadings» by past policy-makers, whether driven by «idealism or absence of realpolitik», has helped neither cooperation nor competition with China.

Chinese tech companies long looked to the United States as a key market and source of investment. Firms like ByteDance, the company behind TikTok, courted major American investment firms like General Atlantic and Susquehanna Capital. Chinese startups in Shanghai and Shenzhen saw an initial public offering on the Nasdaq or New York Stock Exchange as the ultimate symbol of success.

The United States Supreme Court upheld a law banning TikTok on Friday, meaning the short video platform has until Sunday to shutter its U.S. operations or find a buyer. The law calling for the closure or sale of the Chinese-controlled social media app — which has more than one billion monthly active users worldwide, including 170 million in the U.S. and 14 million in Canada — was passed in April. Last week, the U.S. Supreme Court began hearing arguments from the company’s legal team, which was hoping to overturn the ban. Prior to Friday’s ruling, TikTok had insisted it is unwilling to sell and will shut down in the U.S. The Financial Post’s Yvonne Lau explains the ban and what it will mean for the millions who use the platform, both in the U.S. and in Canada.

China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth

China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support...

Subscribe to enjoy similar stories. China’s population continued to decline last year—though births edged up for the first time in eight years—falling for a third straight year as deaths outpaced births. China had seen birth numbers plummet since 2017, the year after it ended the one-child policy, despite Beijing’s encouragement of couples to have three children.

In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc

BEIJING — As promised government support is still to meaningfully kick in, China's economy hasn't yet seen the turnaround investors have been waiting for.

Subscribe to enjoy similar stories. Beneath its desolate, icy expanse, Greenland holds some of the world’s biggest untapped reserves of the raw minerals used to make everything from smartphones and electric cars to F-35 Lightning II jet fighters. Good luck getting them out of the ground.

Subscribe to enjoy similar stories. Donald Trump kicked off a new era of Western economic rivalry with Beijing when he took office in 2017. As he prepares for his second term, China’s dominance of global manufacturing is greater than ever.

China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.

Subscribe to enjoy similar stories. China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.

Subscribe to enjoy similar stories. SINGAPORE—Chinese officials, facing a looming U.S. TikTok ban, have internally discussed options including the possibility of allowing a trusted non-Chinese party such as Elon Musk to invest in or take control of TikTok’s U.S.

Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.

BEIJING — China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Chang’e 7 mission in 2026. A key goal is to plant a flag that mimics fluttering despite the moon's airless environment. This innovation reflects China's increasing focus on advanced space exploration technologies.