City Beijing Financial News

04.07 / 08:59

UPS IPO Manufacturing Chase Here are the China trends investors bet money on during a sluggish few months

BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian.

30.06 / 11:23

China's Xi arrives in Hong Kong in his first trip off the mainland since the onset of the pandemic

BEIJING — Chinese President Xi Jinping arrived Thursday in the special administrative region of Hong Kong, state media said.

30.06 / 09:13

UPS Citi MET In China, more and more people want to save money as job worries grow

BEIJING — Chinese consumers' inclination to save is at its highest in two decades, the People's Bank of China found in a second quarter survey.

29.06 / 09:15

Google CEO Apple TikTok U.S. FCC commissioner wants Apple and Google to remove TikTok from their app stores

BEIJING — A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over China-related data security concerns.

29.06 / 01:23

UPS Citi Booking Manufacturing China's economy didn't bounce back in the second quarter, China Beige Book survey finds

BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged impact of Covid controls.

28.06 / 23:39

Adoption Binance Tax Kazakh President Says Government Must Make ‘Favorable’ Conditions for Crypto Industry Development

Kazakhstan’s President Kassym-Jomart Tokayev has told ministers to create “favorable conditions” for a new “digital” ecosystem that makes use of “cryptocurrencies and digital assets.”

28.06 / 12:23

Citi JPMorgan Southern travelers Time International China cuts quarantine time for international travelers in big step toward easing Covid controls

BEIJING — China cut the quarantine period for international travelers on Tuesday, a big step toward loosening Covid controls that have persisted for more than two years.

27.06 / 13:23

Provident Tencent BMW foreign Tencent wants to be foreign automakers' go-to company for tech in China's electric car market

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23.06 / 07:01

Adoption Bank of England Bitcoin China warns Bitcoin is heading to zero but BoE looks on the bright side

The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.”

17.06 / 19:33

UPS FIVE Cooper Remark China's Xi says trade with Russia expected to hit new records in the coming months

BEIJING — Chinese President Xi Jinping on Friday emphasized his country's commitment to trading with Russia, despite Western sanctions against Moscow over its invasion of Ukraine.

17.06 / 06:29

UPS Citi FIVE Moodys Financial China's property troubles have pushed one debt indicator above levels seen in the financial crisis

BEIJING — A measure of risk levels for debt in Asia has surpassed its 2009 financial crisis high, thanks to a surge in downgrades of Chinese property developers since late last year, ratings agency Moody's said Wednesday.

15.06 / 03:21

UPS Citi Waves luxury brands Luxury brands say China's latest Covid wave has whacked consumer demand

BEIJING — Luxury brands have slashed expectations for their China business this year after the country's latest Covid lockdowns, according to an Oliver Wyman survey shared exclusively with CNBC.

14.06 / 10:55

Citi Volkswagen Tesla Southern Most factories in Shanghai resume work as Covid controls ease, ministry says

BEIJING — Factories in two of China's Covid-hit economic hubs have mostly resumed work as the impact of the virus subsides, according to China's Ministry of Industry and Information Technology.

14.06 / 06:43

Volkswagen Tesla Audi BYD is selling so many electric cars it's become one of the top three automakers in China

BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company's climb into the ranks of the top three automakers in China.

13.06 / 10:45

Strategy Biden is 'paying lip service' to the U.S. position on Taiwan, former Chinese army officer says

BEIJING — There is an increasing wariness of U.S. claims to recognize Beijing as the sole legal government of China, a retired officer of the People's Liberation Army told CNBC on Monday.

13.06 / 04:51

UPS Software Tesla Baidu Chinese automakers want to bring assisted driving to the masses

BEIJING — As Chinese companies race for a slice of the world's largest car market, they're betting heavily on assisted driving technology.

12.06 / 22:31

Citi FIVE week Economy Week Ahead: Fed, Other Central Banks in Focus

The Federal Reserve’s policy meeting highlights this week’s slate of economic news.

09.06 / 13:15

LGBT European Union Renewables The EU needs renewables to curb Russian fossil fuel dependence. For these, it's dependent on China.

Russia's invasion of Ukraine has exposed the European Union's dependence on Russian fossil fuels and accelerated the bloc's transition into renewables.

06.06 / 11:15

Citi Booking Parke China tries to shake off the worst of the pandemic in a long, zero-Covid journey

BEIJING — China is starting to show signs of recovery from the latest Covid shock.

03.06 / 19:31

business Binance Apple goldman sachs Helicopter Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

China’s pandemic-hit economy needs all the help it can get after a surge in COVID-19 infections triggered mass lockdowns across the country. In an attempt to revive consumption, the southern city of Shenzhen used Beijing’s central bank digital currency, or CBDC, to airdrop free money to local residents. A similar strategy was used in the northern Hebei province, where even more digital yuan was deployed. Think of all the things governments can do when they have full control over fiat money on-ramps.

02.06 / 04:09

Software HANS Baidu Self-driving car companies' first step to making money isn't robotaxis

BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in.

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