City Beijing Financial News
19.09 / 17:55
business
Adoption
Fashion
Women
The Metaverse is becoming a platform to unite fashion communities
A recent report from technology research and advisory firm Technavio predicts that the Metaverse will hit a market share value of $50.37 billion by the year 2026. Therefore, it shouldn’t come as a surprise that the trillion-dollar fashion industry has started taking a major interest in the Metaverse.
16.09 / 15:07
16.09 / 12:59
UPS
China’s Downturn Moderates, Though Property Woes Linger
HONG KONG—China’s economy showed modest signs of improvement in August as stimulus measures kicked in, though renewed Covid-19 curbs and a worsening property downturn continue to damp the outlook for the world’s second-largest economy.
16.09 / 05:41
UPS
Citi
Reuters
Manufacturing
China's retail sales, industrial production beat expectations in August
BEIJING — China reported data Friday that showed a pickup in growth in August from the prior month. The data also came in above expectations across the board.
16.09 / 00:31
Health
Climate change
Power
Moscow says Power of Siberia 2 pipeline to China will 'replace' Nord Stream 2
Moscow has announced that Nord Stream 2 will be "replaced" by an alternative gas pipeline to China.
15.09 / 20:25
Health
Pope Francis
Putin-Xi meeting: Russian leader praises China's balance on Ukraine and slams 'unipolar ugliness'
Russian President Vladimir Putin has denounced what he calls Western attempts to create a "unipolar world" as he met his Chinese counterpart, Xi Jinping, in Samarkand.
15.09 / 03:51
UPS
Citi
Job worries? Here's how China stacks up against the U.S. and other countries
BEIJING — More people in China and Brazil are worried about their jobs than in the U.S. and U.K., according to a survey by consulting firm Oliver Wyman released this month.
14.09 / 21:13
Blockchain
Citi
Digital
Huobi
Busan adds Huobi to list of digital exchange development partners
The South Korean city of Busan has added Huobi Global to its list of crypto exchanges that will help develop the city’s first Digital Currency Exchange.
13.09 / 09:13
UPS
Citi
Target
Weekend
China's tourism revenue came in at 60% of pre-Covid levels this holiday weekend
BEIJING — China's tourism sector ended yet another public holiday with revenue well below what it was before the pandemic hit.
12.09 / 07:33
08.09 / 08:01
Target
Williams
CEO
NVIDIA
restrictions
Nio says Nvidia chip restrictions won't hurt them
BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won't affect the automaker's business.
05.09 / 04:45
UPS
IPO
Cooper
The U.S. and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next
BEIJING — The U.S. and China recently took a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges.
04.09 / 03:43
UPS
Citi
CoinMarketCap
Shiba Inu [SHIB] may need more than the Metaverse to wake up from its slumber
When Shiba Inu [SHIB] went public with its efforts to delve into the Metaverse, some quarters in the crypto community took it as a joke. “How can a meme toke with no known utility say the Metaverse was part of its objectives?”. Well, the doubts may not be put to rest as the latest update from SHIB revealed that there was no stopping it.
02.09 / 13:23
Target
NVIDIA
Huawei
safe
China's electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
BEIJING — U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies, as they're using auto systems that don't include the sanctioned products.
01.09 / 02:09
European Union
UN report slams China for 'torture and sexual violence' in Xinjiang
A new United Nations human rights report has slammed China for serious human rights abuses in its western Xinjiang region, targeting native Uyghurs and other predominantly Muslim ethnic groups.
31.08 / 12:27
Citi
FIVE
Action
China is set to convene a historic meeting on Oct. 16. Here's what to expect
BEIJING — China's leaders are set to convene in Beijing on Oct. 16 for a major political meeting that's expected to consolidate President Xi Jinping's power and signal forthcoming economic policy.
31.08 / 08:19
UPS
Citi
Baidu
Baidu claims its robotaxis have grabbed 10% of the ride-hailing market in a suburb of Beijing
BEIJING — In less than two years, Chinese tech giant Baidu's robotaxis have grabbed about 10% of the ride-hailing market in a suburb of Beijing city, the company said during an earnings call Tuesday.
29.08 / 23:37
European Union
Food
Bitcoin
Russia to hold war games with China amid tensions over Ukraine invasion
Russia said it would launch sweeping military drills in the country’s east together with forces from China — a show of increasingly close defence ties between Moscow and Beijing amid tensions with the West.
29.08 / 07:17
Provident
Cooper
SEC
MSCI
audit
Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says
BEIJING — The risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement, Goldman Sachs analysts said in a report Monday.
24.08 / 15:43
Blockchain
Adoption
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
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