City Beijing Financial News

01.06 / 08:41

COST Manufacturing CEO Tesla Chinese electric car start-up WM Motor files to go public in Hong Kong

BEIJING — Chinese electric car start-up WM Motor filed Wednesday to go public on the Hong Kong Stock Exchange.

31.05 / 02:51

UPS Citi Waves Gap China faces a nearly $1 trillion funding gap. It will need more debt to fill it.

BEIJING — The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap.

30.05 / 14:47

UPS economic data China’s Slowdown Poses Credibility Test for Economic Data

SINGAPORE—A severe slowdown for China’s economy during a year of acute political sensitivity for Chinese leader Xi Jinping is testing the credibility of Beijing’s official economic data.

27.05 / 12:01

Platform Tencent Baidu JD.com Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record

BEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.

25.05 / 23:01

business Binance Binance signs MOU with Kazakhstan to further crypto adoption and regulation

Cryptocurrency exchange Binance has signed a memorandum of understanding, or MOU, with the government of Kazakhstan to bolster “virtual asset market development” in the central Asian country.

24.05 / 04:21

Citi Target Manufacturing Southern shock Why China will likely recover more slowly from the latest Covid shock

BEIJING — China's economy won't be snapping back quickly from the latest Covid outbreak, many economists predict.

20.05 / 19:15

Target Rate Cut China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles

SINGAPORE—China’s central bank cut a key interest rate while keeping another unchanged, an unexpected policy shift that economists said would likely help the country’s moribund housing market but bring only limited relief to its struggling economy.

20.05 / 04:33

Provident Williams CEO Tesla NOT Chinese electric car start-up Nio says supply chain disruption, not demand, is their biggest problem

BEIJING — Nio's biggest challenge right now is making sure that supply chains are stable, CEO William Li told CNBC.

19.05 / 14:17

BLOCK China Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia

HONG KONG—China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.

18.05 / 12:55

Citi Target JPMorgan Goldman Sachs cuts its China GDP forecast to 4% on Covid controls

BEIJING — Goldman Sachs analysts on Wednesday cut their forecast for China's GDP to 4% after data for April showed a slump in growth as Covid-19 controls restricted business activity.

18.05 / 11:15

Citi Time fall China’s New Home Prices Fall for the First Time in More Than Six Years

BEIJING—A monthly measure of new home prices in China fell for the first time in more than six years, offering further evidence of the pain that Beijing’s regulatory campaign is inflicting on a sector that has long served as an economic growth engine.

17.05 / 04:43

COST Manufacturing Strategy Some factories might leave China, but in the grand scheme of things it doesn't matter much

BEIJING — China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term.

17.05 / 03:29

UPS Citi JPMorgan boost play JPMorgan picks China stocks to play Beijing's infrastructure boost

China has announced big plans to build up more cities, and JPMorgan analysts say it's time to buy some infrastructure stocks.

16.05 / 15:19

UPS Drag China’s Economic Distress Deepens as Lockdowns Drag On

HONG KONG—China’s economy descended deeper into a Covid-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn.

16.05 / 05:19

Citi Reuters Manufacturing economic data China's economic data disappoint in April as Covid controls weigh

BEIJING — China reported a drop in retail sales and industrial production in April — far worse than analysts had expected.

14.05 / 15:21

Eurovision Song Contest G7 Ukraine war: Grain exports blocked by Russia threaten to bring hunger and famine, G7 warns

The Group of Seven leading economies warned Saturday that the war in Ukraine is stoking a global food and energy crisis that threatens poor countries, and urgent measures are needed to unblock stores of grain that Russia is preventing from leaving Ukraine.

11.05 / 16:55

BlackRock BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’

BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks — two months after the world’s largest asset manager revealed it had placed them under review.

11.05 / 11:25

Citi FIVE Compilation Tesla Shanghai's big automakers saw production plunge by 75% in April after lockdowns began

BEIJING — Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in the metropolis of Shanghai, according to a report from the China Passenger Car Association.

11.05 / 08:21

COST UPS Target Reuters China's consumer prices hit a six-month high as Covid prompts locals to stock up on food

BEIJING — China's consumer and producer prices rose more than expected in April, according to data from the National Bureau of Statistics released Wednesday.

11.05 / 04:55

BlackRock BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’

10.05 / 14:05

BlackRock BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’

BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks — two months after the world's largest asset manager revealed it had placed them under review.

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